iShares MSCI USA Quality GARP ETF $GARP Stock Position Boosted by ARQ Wealth Advisors LLC

ARQ Wealth Advisors LLC raised its holdings in shares of iShares MSCI USA Quality GARP ETF (BATS:GARP) by 12.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 251,100 shares of the company’s stock after buying an additional 27,983 shares during the quarter. iShares MSCI USA Quality GARP ETF comprises about 2.9% of ARQ Wealth Advisors LLC’s portfolio, making the stock its 2nd biggest holding. ARQ Wealth Advisors LLC owned approximately 2.99% of iShares MSCI USA Quality GARP ETF worth $16,063,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of GARP. NewEdge Advisors LLC raised its holdings in shares of iShares MSCI USA Quality GARP ETF by 9.2% during the 2nd quarter. NewEdge Advisors LLC now owns 1,946 shares of the company’s stock worth $118,000 after acquiring an additional 164 shares during the period. Kane Investment Management Inc. grew its holdings in shares of iShares MSCI USA Quality GARP ETF by 3.3% in the fourth quarter. Kane Investment Management Inc. now owns 6,267 shares of the company’s stock valued at $427,000 after purchasing an additional 201 shares during the period. Stonebridge Wealth Management LLC grew its holdings in shares of iShares MSCI USA Quality GARP ETF by 0.7% in the first quarter. Stonebridge Wealth Management LLC now owns 30,107 shares of the company’s stock valued at $1,926,000 after purchasing an additional 218 shares during the period. Spire Wealth Management increased its position in iShares MSCI USA Quality GARP ETF by 2.2% during the fourth quarter. Spire Wealth Management now owns 11,816 shares of the company’s stock worth $805,000 after purchasing an additional 253 shares during the last quarter. Finally, Global Retirement Partners LLC increased its position in iShares MSCI USA Quality GARP ETF by 13.9% during the fourth quarter. Global Retirement Partners LLC now owns 3,163 shares of the company’s stock worth $215,000 after purchasing an additional 387 shares during the last quarter.

iShares MSCI USA Quality GARP ETF Price Performance

Shares of GARP stock traded down $0.09 during trading on Friday, hitting $81.48. 320,032 shares of the stock traded hands, compared to its average volume of 260,506. iShares MSCI USA Quality GARP ETF has a 52-week low of $60.01 and a 52-week high of $83.40. The firm has a market capitalization of $684.43 million, a P/E ratio of 29.61 and a beta of 1.14. The firm’s fifty day moving average price is $79.38 and its 200-day moving average price is $72.23.

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.