Cadent Capital Advisors LLC acquired a new stake in iShares MSCI USA Quality GARP ETF (BATS:GARP – Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 88,523 shares of the company’s stock, valued at approximately $7,547,000. iShares MSCI USA Quality GARP ETF comprises 1.6% of Cadent Capital Advisors LLC’s holdings, making the stock its 19th largest position.
A number of other hedge funds have also recently bought and sold shares of GARP. Resonant Capital Advisors LLC acquired a new position in iShares MSCI USA Quality GARP ETF in the 1st quarter valued at $50,190,000. First Community Trust NA purchased a new stake in shares of iShares MSCI USA Quality GARP ETF in the third quarter valued at $36,135,000. Independent Financial Group LLC acquired a new position in iShares MSCI USA Quality GARP ETF in the first quarter valued at $20,542,000. Great Valley Advisor Group Inc. lifted its position in iShares MSCI USA Quality GARP ETF by 1,027.6% during the fourth quarter. Great Valley Advisor Group Inc. now owns 329,905 shares of the company’s stock worth $22,467,000 after buying an additional 300,649 shares during the period. Finally, Park National Corp OH acquired a new stake in iShares MSCI USA Quality GARP ETF in the 3rd quarter worth about $23,468,000.
iShares MSCI USA Quality GARP ETF Trading Up 0.7%
GARP traded up $0.64 during midday trading on Friday, hitting $86.72. The company’s stock had a trading volume of 394,368 shares, compared to its average volume of 304,485. iShares MSCI USA Quality GARP ETF has a 52-week low of $61.25 and a 52-week high of $88.15. The firm has a 50-day moving average price of $83.85 and a two-hundred day moving average price of $78.77. The firm has a market cap of $728.49 million, a P/E ratio of 29.61 and a beta of 1.14.
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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