Geneos Wealth Management Inc. purchased a new stake in iShares MSCI USA Quality GARP ETF (BATS:GARP – Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 22,914 shares of the company’s stock, valued at approximately $1,466,000.
Other hedge funds have also bought and sold shares of the company. Integrated Wealth Concepts LLC acquired a new stake in iShares MSCI USA Quality GARP ETF in the 1st quarter worth about $262,000. NewEdge Advisors LLC boosted its holdings in iShares MSCI USA Quality GARP ETF by 46.9% in the 1st quarter. NewEdge Advisors LLC now owns 1,782 shares of the company’s stock valued at $91,000 after purchasing an additional 569 shares during the period. Goldman Sachs Group Inc. bought a new stake in iShares MSCI USA Quality GARP ETF in the 1st quarter valued at about $803,000. Jane Street Group LLC grew its position in shares of iShares MSCI USA Quality GARP ETF by 150.9% during the 1st quarter. Jane Street Group LLC now owns 14,499 shares of the company’s stock worth $740,000 after purchasing an additional 8,721 shares in the last quarter. Finally, Raymond James Financial Inc. grew its position in shares of iShares MSCI USA Quality GARP ETF by 45.0% during the 2nd quarter. Raymond James Financial Inc. now owns 88,764 shares of the company’s stock worth $5,360,000 after purchasing an additional 27,562 shares in the last quarter.
iShares MSCI USA Quality GARP ETF Trading Down 1.3%
Shares of GARP opened at $79.03 on Friday. iShares MSCI USA Quality GARP ETF has a 12 month low of $60.01 and a 12 month high of $83.40. The firm’s 50 day moving average is $79.88 and its 200-day moving average is $72.63. The stock has a market capitalization of $663.85 million, a PE ratio of 29.61 and a beta of 1.14.
About iShares MSCI USA Quality GARP ETF
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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