iShares MSCI USA Quality GARP ETF (BATS:GARP – Get Free Report)’s stock price hit a new 52-week high on Tuesday. The company traded as high as $87.55 and last traded at $87.38, with a volume of 661053 shares trading hands. The stock had previously closed at $86.64.
iShares MSCI USA Quality GARP ETF Trading Down 0.6%
The firm’s 50 day moving average is $83.71 and its two-hundred day moving average is $78.62. The firm has a market cap of $731.30 million, a P/E ratio of 29.61 and a beta of 1.14.
Institutional Investors Weigh In On iShares MSCI USA Quality GARP ETF
Several hedge funds have recently bought and sold shares of GARP. NewEdge Advisors LLC raised its holdings in iShares MSCI USA Quality GARP ETF by 7.1% during the 1st quarter. NewEdge Advisors LLC now owns 2,619 shares of the company’s stock worth $168,000 after buying an additional 173 shares during the period. Kane Investment Management Inc. boosted its stake in iShares MSCI USA Quality GARP ETF by 3.3% in the 4th quarter. Kane Investment Management Inc. now owns 6,267 shares of the company’s stock worth $427,000 after purchasing an additional 201 shares during the period. Stonebridge Wealth Management LLC increased its holdings in iShares MSCI USA Quality GARP ETF by 0.7% during the 1st quarter. Stonebridge Wealth Management LLC now owns 30,107 shares of the company’s stock worth $1,926,000 after purchasing an additional 218 shares in the last quarter. Dynamic Advisor Solutions LLC raised its stake in shares of iShares MSCI USA Quality GARP ETF by 1.5% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 22,622 shares of the company’s stock valued at $1,867,000 after purchasing an additional 339 shares during the period. Finally, Ancora Advisors LLC bought a new position in shares of iShares MSCI USA Quality GARP ETF during the second quarter worth about $33,000.
About iShares MSCI USA Quality GARP ETF
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.
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