Planned Solutions Inc. Buys Shares of 226,228 iShares MSCI USA Quality GARP ETF $GARP

Planned Solutions Inc. purchased a new stake in iShares MSCI USA Quality GARP ETF (NYSEARCA:GARP) during the second quarter, HoldingsChannel.com reports. The firm purchased 226,228 shares of the company’s stock, valued at approximately $13,660,000. iShares MSCI USA Quality GARP ETF makes up approximately 5.2% of Planned Solutions Inc.’s investment portfolio, making the stock its 5th biggest holding.

A number of other institutional investors have also recently modified their holdings of GARP. Spire Wealth Management boosted its stake in shares of 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 valued at $465,000 after buying an additional 509 shares in the last quarter. Golden State Wealth Management LLC boosted its stake in shares of iShares MSCI USA Quality GARP ETF by 538.8% in the first quarter. Golden State Wealth Management LLC now owns 17,312 shares of the company’s stock valued at $883,000 after buying an additional 14,602 shares in the last quarter. WJ Wealth Management LLC boosted its stake in shares of iShares MSCI USA Quality GARP ETF by 5.1% in the first quarter. WJ Wealth Management LLC now owns 95,760 shares of the company’s stock valued at $4,885,000 after buying an additional 4,644 shares in the last quarter. Valley National Advisers Inc. boosted its stake in shares of iShares MSCI USA Quality GARP ETF by 9.2% in the first quarter. Valley National Advisers Inc. now owns 178,450 shares of the company’s stock valued at $9,103,000 after buying an additional 15,095 shares in the last quarter. Finally, Olde Wealth Management LLC purchased a new stake in shares of iShares MSCI USA Quality GARP ETF in the first quarter valued at approximately $5,237,000.

iShares MSCI USA Quality GARP ETF Price Performance

iShares MSCI USA Quality GARP ETF stock opened at $65.99 on Friday. iShares MSCI USA Quality GARP ETF has a 1-year low of $43.02 and a 1-year high of $67.37. The company has a market cap of $785.28 million, a PE ratio of 30.61 and a beta of 1.15. The stock’s 50 day moving average price is $64.13 and its 200 day moving average price is $59.08.

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.