Cornerstone Advisors Asset Management LLC trimmed its holdings in iShares MSCI USA Quality GARP ETF (BATS:GARP – Free Report) by 5.3% during the second quarter, Holdings Channel reports. The institutional investor owned 212,535 shares of the company’s stock after selling 11,904 shares during the period. iShares MSCI USA Quality GARP ETF makes up 2.3% of Cornerstone Advisors Asset Management LLC’s portfolio, making the stock its 11th biggest holding. Cornerstone Advisors Asset Management LLC’s holdings in iShares MSCI USA Quality GARP ETF were worth $17,545,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also made changes to their positions in the company. Allworth Financial LP acquired a new position in shares of iShares MSCI USA Quality GARP ETF in the fourth quarter worth about $33,000. Ancora Advisors LLC bought a new position in iShares MSCI USA Quality GARP ETF in the second quarter worth about $33,000. Sankala Group LLC bought a new position in shares of iShares MSCI USA Quality GARP ETF during the fourth quarter valued at approximately $38,000. New England Capital Financial Advisors LLC bought a new stake in shares of iShares MSCI USA Quality GARP ETF in the 1st quarter worth approximately $65,000. Finally, Bank of Montreal Can grew its stake in iShares MSCI USA Quality GARP ETF by 180.4% during the 4th quarter. Bank of Montreal Can now owns 973 shares of the company’s stock worth $66,000 after buying an additional 626 shares during the last quarter.
iShares MSCI USA Quality GARP ETF Price Performance
Shares of GARP stock opened at $83.95 on Friday. iShares MSCI USA Quality GARP ETF has a 12-month low of $61.25 and a 12-month high of $85.48. The firm has a market capitalization of $705.18 million, a price-to-earnings ratio of 29.61 and a beta of 1.14. The business has a 50 day simple moving average of $81.68 and a 200 day simple moving average of $75.78.
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.
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