Cornerstone Advisors Asset Management LLC Makes New Investment in iShares MSCI USA Quality GARP ETF $GARP

Cornerstone Advisors Asset Management LLC purchased a new stake in shares of iShares MSCI USA Quality GARP ETF (BATS:GARP) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 224,439 shares of the company’s stock, valued at approximately $14,357,000. iShares MSCI USA Quality GARP ETF makes up 2.2% of Cornerstone Advisors Asset Management LLC’s investment portfolio, making the stock its 13th biggest holding. Cornerstone Advisors Asset Management LLC owned about 2.67% of iShares MSCI USA Quality GARP ETF at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Integrated Wealth Concepts LLC purchased a new stake in shares of iShares MSCI USA Quality GARP ETF during the first quarter valued at $262,000. NewEdge Advisors LLC raised its stake 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 worth $91,000 after acquiring an additional 569 shares during the last quarter. Goldman Sachs Group Inc. acquired a new stake in iShares MSCI USA Quality GARP ETF during the 1st quarter worth about $803,000. Jane Street Group LLC lifted its position in 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 acquiring an additional 8,721 shares during the period. Finally, Raymond James Financial Inc. increased its holdings in shares of iShares MSCI USA Quality GARP ETF by 45.0% in the second quarter. Raymond James Financial Inc. now owns 88,764 shares of the company’s stock valued at $5,360,000 after purchasing an additional 27,562 shares during the period.

iShares MSCI USA Quality GARP ETF Price Performance

Shares of BATS:GARP opened at $79.03 on Monday. iShares MSCI USA Quality GARP ETF has a 52-week low of $60.01 and a 52-week high of $83.40. The stock has a market cap of $663.85 million, a price-to-earnings ratio of 29.61 and a beta of 1.14. The business has a 50-day moving average price of $79.88 and a 200-day moving average price of $72.65.

iShares MSCI USA Quality GARP ETF Company 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.