Ritholtz Wealth Management Buys New Shares in iShares MSCI USA Quality GARP ETF $GARP

Ritholtz Wealth Management bought a new position in iShares MSCI USA Quality GARP ETF (BATS:GARP) during the first quarter, according to the company in its most recent filing with the SEC. The firm bought 6,366 shares of the company’s stock, valued at approximately $407,000. Ritholtz Wealth Management owned 0.08% of iShares MSCI USA Quality GARP ETF as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in GARP. Archer Investment Management LLC bought a new stake in shares of iShares MSCI USA Quality GARP ETF in the 4th quarter valued at about $597,000. CGN Advisors LLC grew its position in iShares MSCI USA Quality GARP ETF by 23.9% during the 4th quarter. CGN Advisors LLC now owns 86,919 shares of the company’s stock worth $5,919,000 after acquiring an additional 16,752 shares during the last quarter. Keystone Global Partners LLC purchased a new position in iShares MSCI USA Quality GARP ETF in the 4th quarter worth approximately $5,843,000. Certified Advisory Corp lifted its position in iShares MSCI USA Quality GARP ETF by 273.3% in the first quarter. Certified Advisory Corp now owns 133,439 shares of the company’s stock valued at $8,536,000 after purchasing an additional 97,694 shares during the last quarter. Finally, Cedar Wealth Management LLC bought a new stake in iShares MSCI USA Quality GARP ETF in the third quarter valued at approximately $644,000.

iShares MSCI USA Quality GARP ETF Stock Performance

Shares of iShares MSCI USA Quality GARP ETF stock opened at $81.70 on Thursday. iShares MSCI USA Quality GARP ETF has a 52-week low of $59.66 and a 52-week high of $83.40. The stock has a market capitalization of $686.28 million, a price-to-earnings ratio of 29.61 and a beta of 1.14. The company’s 50 day moving average price is $78.24 and its 200-day moving average price is $71.60.

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.