Kestra Private Wealth Services LLC Acquires New Position in iShares MSCI USA Quality GARP ETF $GARP

Kestra Private Wealth Services LLC bought a new position in iShares MSCI USA Quality GARP ETF (BATS:GARP) in the third quarter, Holdings Channel reports. The firm bought 58,372 shares of the company’s stock, valued at approximately $4,977,000.

Other institutional investors also recently bought and sold shares of the company. NewEdge Advisors LLC increased its stake 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 valued at $168,000 after purchasing an additional 173 shares in the last quarter. Ring Mountain Capital LLC lifted its stake in shares of iShares MSCI USA Quality GARP ETF by 7.3% during the third quarter. Ring Mountain Capital LLC now owns 3,354 shares of the company’s stock worth $286,000 after buying an additional 229 shares during the period. City Center Advisors LLC grew its stake in iShares MSCI USA Quality GARP ETF by 9.5% during the 3rd quarter. City Center Advisors LLC now owns 3,244 shares of the company’s stock valued at $277,000 after purchasing an additional 282 shares during the last quarter. Dynamic Advisor Solutions LLC lifted its holdings in shares of iShares MSCI USA Quality GARP ETF by 1.5% during the second quarter. Dynamic Advisor Solutions LLC now owns 22,622 shares of the company’s stock worth $1,867,000 after purchasing an additional 339 shares during the period. Finally, Ancora Advisors LLC acquired a new stake in shares of iShares MSCI USA Quality GARP ETF during the second quarter worth about $33,000.

iShares MSCI USA Quality GARP ETF Stock Down 6.8%

Shares of BATS GARP opened at $72.57 on Friday. The business’s 50 day moving average price is $82.91 and its 200 day moving average price is $76.68. The firm has a market cap of $609.59 million, a P/E ratio of 29.61 and a beta of 1.14. iShares MSCI USA Quality GARP ETF has a 52 week low of $61.25 and a 52 week high of $88.15.

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.