Envestnet Asset Management Inc. Grows Stock Holdings in iShares MSCI USA Quality GARP ETF $GARP

Envestnet Asset Management Inc. raised its stake in shares of iShares MSCI USA Quality GARP ETF (NYSEARCA:GARP) by 169.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 144,388 shares of the company’s stock after acquiring an additional 90,812 shares during the period. Envestnet Asset Management Inc.’s holdings in iShares MSCI USA Quality GARP ETF were worth $9,478,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Elevation Point Wealth Partners LLC acquired a new stake in shares of iShares MSCI USA Quality GARP ETF during the second quarter worth $24,721,000. B&D White Capital Company LLC purchased a new position in iShares MSCI USA Quality GARP ETF during the 3rd quarter worth $13,227,000. Cetera Investment Advisers lifted its stake in shares of iShares MSCI USA Quality GARP ETF by 53.7% in the 2nd quarter. Cetera Investment Advisers now owns 407,668 shares of the company’s stock worth $24,615,000 after acquiring an additional 142,403 shares during the period. Lakeshore Capital Group Inc. boosted its holdings in shares of iShares MSCI USA Quality GARP ETF by 1,608.8% in the third quarter. Lakeshore Capital Group Inc. now owns 101,690 shares of the company’s stock valued at $6,675,000 after acquiring an additional 95,739 shares in the last quarter. Finally, D Orazio & Associates Inc. increased its stake in shares of iShares MSCI USA Quality GARP ETF by 146.3% during the second quarter. D Orazio & Associates Inc. now owns 122,431 shares of the company’s stock worth $7,392,000 after acquiring an additional 72,721 shares during the period.

iShares MSCI USA Quality GARP ETF Stock Up 0.6%

Shares of NYSEARCA:GARP opened at $67.98 on Thursday. iShares MSCI USA Quality GARP ETF has a 52 week low of $43.02 and a 52 week high of $71.50. The company has a 50-day moving average price of $68.80 and a 200 day moving average price of $66.53. The company has a market cap of $1.22 billion, a P/E ratio of 30.61 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.