iShares MSCI USA Quality GARP ETF (BATS:GARP) Hits New 1-Year High – Time to Buy?

iShares MSCI USA Quality GARP ETF (BATS:GARPGet Free Report) shares reached a new 52-week high on Monday . The company traded as high as $85.62 and last traded at $85.59, with a volume of 335363 shares changing hands. The stock had previously closed at $83.06.

iShares MSCI USA Quality GARP ETF Stock Performance

The business has a fifty day simple moving average of $82.18 and a 200-day simple moving average of $77.13. The firm has a market cap of $715.03 million, a price-to-earnings ratio of 29.61 and a beta of 1.14.

Institutional Investors Weigh In On iShares MSCI USA Quality GARP ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Capital Analysts LLC grew its stake in iShares MSCI USA Quality GARP ETF by 1.3% in the second quarter. Capital Analysts LLC now owns 335,370 shares of the company’s stock valued at $27,685,000 after acquiring an additional 4,353 shares during the period. Integrated Wealth Concepts LLC raised its position in shares of iShares MSCI USA Quality GARP ETF by 18.1% during the second quarter. Integrated Wealth Concepts LLC now owns 6,829 shares of the company’s stock worth $564,000 after purchasing an additional 1,045 shares during the period. NewEdge Advisors LLC lifted its holdings in shares of iShares MSCI USA Quality GARP ETF by 425.5% in the 2nd quarter. NewEdge Advisors LLC now owns 13,762 shares of the company’s stock worth $1,136,000 after purchasing an additional 11,143 shares in the last quarter. Citadel Advisors LLC lifted its holdings in shares of iShares MSCI USA Quality GARP ETF by 100.1% in the 2nd quarter. Citadel Advisors LLC now owns 15,999 shares of the company’s stock worth $1,321,000 after purchasing an additional 8,005 shares in the last quarter. Finally, Corient Private Wealth LP acquired a new stake in iShares MSCI USA Quality GARP ETF in the 2nd quarter valued at $496,000.

About iShares MSCI USA Quality GARP ETF

(Get Free Report)

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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