Northwestern Mutual Wealth Management Co. increased its position in shares of iShares MSCI USA Quality GARP ETF (BATS:GARP – Free Report) by 139.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 168,198 shares of the company’s stock after acquiring an additional 98,077 shares during the period. Northwestern Mutual Wealth Management Co. owned about 0.93% of iShares MSCI USA Quality GARP ETF worth $11,454,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also modified their holdings of the company. Allworth Financial LP purchased a new stake in shares of iShares MSCI USA Quality GARP ETF during the fourth quarter worth $33,000. Assetmark Inc. purchased a new stake in shares of iShares MSCI USA Quality GARP ETF during the fourth quarter worth $42,000. High Note Wealth LLC purchased a new stake in shares of iShares MSCI USA Quality GARP ETF during the fourth quarter worth $77,000. NewEdge Advisors LLC raised 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 buying an additional 569 shares in the last quarter. Finally, Advisory Services Network LLC bought a new position in iShares MSCI USA Quality GARP ETF during the third quarter valued at about $139,000.
iShares MSCI USA Quality GARP ETF Price Performance
BATS GARP opened at $83.16 on Tuesday. iShares MSCI USA Quality GARP ETF has a fifty-two week low of $56.36 and a fifty-two week high of $83.40. The stock’s 50-day moving average is $72.21 and its two-hundred day moving average is $69.49. The firm has a market cap of $698.54 million, a P/E ratio of 29.61 and a beta of 1.14.
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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