Sonoma Allocations LLC Increases Stock Holdings in iShares MSCI USA Quality GARP ETF $GARP

Sonoma Allocations LLC boosted its stake in iShares MSCI USA Quality GARP ETF (BATS:GARP) by 40.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,981 shares of the company’s stock after acquiring an additional 6,632 shares during the period. Sonoma Allocations LLC owned 0.27% of iShares MSCI USA Quality GARP ETF worth $1,498,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Resonant Capital Advisors LLC bought a new position in iShares MSCI USA Quality GARP ETF in the 1st quarter worth $50,190,000. Independent Financial Group LLC bought a new stake in shares of iShares MSCI USA Quality GARP ETF during the 1st quarter valued at about $20,542,000. Great Valley Advisor Group Inc. increased its position in shares of iShares MSCI USA Quality GARP ETF by 1,027.6% during the fourth quarter. Great Valley Advisor Group Inc. now owns 329,905 shares of the company’s stock valued at $22,467,000 after buying an additional 300,649 shares during the period. LPL Financial LLC increased its position in shares of iShares MSCI USA Quality GARP ETF by 29.5% during the fourth quarter. LPL Financial LLC now owns 1,315,966 shares of the company’s stock valued at $89,617,000 after buying an additional 299,858 shares during the period. Finally, Cornerstone Advisors Asset Management LLC bought a new position in iShares MSCI USA Quality GARP ETF in the first quarter worth about $14,357,000.

iShares MSCI USA Quality GARP ETF Price Performance

GARP stock opened at $78.98 on Friday. iShares MSCI USA Quality GARP ETF has a 1 year low of $60.01 and a 1 year high of $83.40. The firm has a 50-day moving average of $80.19 and a 200 day moving average of $73.26. The company has a market cap of $663.43 million, a P/E ratio of 29.61 and a beta of 1.14.

iShares MSCI USA Quality GARP ETF Profile

The iShares MSCI USA Quality GARP ETF (GARP) is an exchange-traded fund that is based on the MSCI USA Quality GARP Select index. The fund tracks an index of US large- and mid-cap growth stocks with perceived quality and value characteristics. GARP was launched on Jun 14, 2020 and is issued by BlackRock.