iShares MSCI USA Quality GARP ETF $GARP Stock Position Increased by Valley National Advisers Inc.

Valley National Advisers Inc. grew its stake in iShares MSCI USA Quality GARP ETF (NYSEARCA:GARP) by 17.3% during the 2nd quarter, HoldingsChannel reports. The fund owned 209,248 shares of the company’s stock after purchasing an additional 30,798 shares during the quarter. iShares MSCI USA Quality GARP ETF comprises 2.1% of Valley National Advisers Inc.’s holdings, making the stock its 9th biggest position. Valley National Advisers Inc.’s holdings in iShares MSCI USA Quality GARP ETF were worth $12,633,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Nations Financial Group Inc. IA ADV raised its position in shares of iShares MSCI USA Quality GARP ETF by 4.4% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 5,219 shares of the company’s stock worth $266,000 after purchasing an additional 222 shares during the last quarter. Spire Wealth Management raised its holdings in iShares MSCI USA Quality GARP ETF by 5.9% in the first quarter. Spire Wealth Management now owns 9,111 shares of the company’s stock worth $465,000 after buying an additional 509 shares during the last quarter. NewEdge Advisors LLC raised its holdings in iShares MSCI USA Quality GARP ETF by 46.9% in the 1st quarter. NewEdge Advisors LLC now owns 1,782 shares of the company’s stock worth $91,000 after acquiring an additional 569 shares during the last quarter. CWM LLC purchased a new position in iShares MSCI USA Quality GARP ETF in the 1st quarter worth approximately $32,000. Finally, Bogart Wealth LLC bought a new position in shares of iShares MSCI USA Quality GARP ETF during the first quarter valued at $36,000.

iShares MSCI USA Quality GARP ETF Trading Down 0.6%

Shares of GARP stock opened at $66.17 on Monday. iShares MSCI USA Quality GARP ETF has a 12-month low of $43.02 and a 12-month high of $66.68. The firm’s 50 day moving average is $63.21 and its 200 day moving average is $58.17. The stock has a market capitalization of $754.34 million, a P/E ratio of 30.61 and a beta of 1.15.

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.