Convergence Financial LLC boosted its holdings in iShares MSCI USA Quality GARP ETF (BATS:GARP – Free Report) by 309.3% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,093 shares of the company’s stock after acquiring an additional 16,695 shares during the quarter. Convergence Financial LLC owned 0.26% of iShares MSCI USA Quality GARP ETF worth $1,884,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Resonant Capital Advisors LLC purchased a new stake in shares of iShares MSCI USA Quality GARP ETF in the 1st quarter valued at $50,190,000. Envestnet Asset Management Inc. lifted its position in shares of iShares MSCI USA Quality GARP ETF by 8.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 545,252 shares of the company’s stock worth $45,011,000 after purchasing an additional 43,119 shares during the period. Cetera Investment Advisers boosted its position in iShares MSCI USA Quality GARP ETF by 25.3% during the 1st quarter. Cetera Investment Advisers now owns 612,564 shares of the company’s stock valued at $39,186,000 after acquiring an additional 123,760 shares in the last quarter. First Community Trust NA bought a new stake in shares of iShares MSCI USA Quality GARP ETF during the third quarter valued at approximately $36,135,000. Finally, Bank of America Corp DE grew its position in shares of iShares MSCI USA Quality GARP ETF by 52.0% in the 1st quarter. Bank of America Corp DE now owns 546,192 shares of the company’s stock worth $34,940,000 after buying an additional 186,930 shares during the period.
iShares MSCI USA Quality GARP ETF Trading Up 1.0%
BATS GARP opened at $81.44 on Thursday. The stock’s fifty day moving average price is $83.60 and its 200-day moving average price is $76.46. The stock has a market cap of $684.10 million, a P/E ratio of 29.61 and a beta of 1.14. iShares MSCI USA Quality GARP ETF has a 12 month low of $61.25 and a 12 month high of $88.15.
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.
Recommended Stories
- Five stocks we like better than iShares MSCI USA Quality GARP ETF
- Boeing Got Its MAX 10 Approval, But Q3 Delivered a Reality Check
- The Invisible AI Backbone: Corning’s AI Fiber Play
- Heavy Metal: Why Nucor Could Be an Overlooked AI Infrastructure Winner
- Why Tesla’s Upside Is About More Than a SpaceX Merger
Want to see what other hedge funds are holding GARP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares MSCI USA Quality GARP ETF (BATS:GARP – Free Report).
Receive News & Ratings for iShares MSCI USA Quality GARP ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares MSCI USA Quality GARP ETF and related companies with MarketBeat.com's FREE daily email newsletter.
