Shares of iShares MSCI USA Quality GARP ETF (BATS:GARP – Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $83.44 and last traded at $83.44, with a volume of 449116 shares changing hands. The stock had previously closed at $80.79.
iShares MSCI USA Quality GARP ETF Stock Down 0.5%
The stock has a market capitalization of $693.92 million, a price-to-earnings ratio of 29.61 and a beta of 1.14. The company’s 50-day simple moving average is $80.39 and its 200 day simple moving average is $73.60.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in GARP. Integrated Wealth Concepts LLC bought a new position in shares of iShares MSCI USA Quality GARP ETF in the 1st quarter valued at approximately $262,000. NewEdge Advisors LLC grew its holdings in iShares MSCI USA Quality GARP ETF by 46.9% during the first quarter. NewEdge Advisors LLC now owns 1,782 shares of the company’s stock valued at $91,000 after purchasing an additional 569 shares during the last quarter. Goldman Sachs Group Inc. acquired a new position in iShares MSCI USA Quality GARP ETF during the first quarter valued at approximately $803,000. Jane Street Group LLC raised its position in shares of iShares MSCI USA Quality GARP ETF by 150.9% in the first quarter. Jane Street Group LLC now owns 14,499 shares of the company’s stock valued at $740,000 after purchasing an additional 8,721 shares during the period. Finally, Raymond James Financial Inc. raised its position in shares of iShares MSCI USA Quality GARP ETF by 45.0% in the second quarter. Raymond James Financial Inc. now owns 88,764 shares of the company’s stock valued at $5,360,000 after purchasing an additional 27,562 shares during the period.
iShares MSCI USA Quality GARP ETF Company 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.
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