Cetera Investment Advisers Increases Stock Holdings in iShares MSCI USA Quality GARP ETF $GARP

Cetera Investment Advisers grew its stake in iShares MSCI USA Quality GARP ETF (BATS:GARP) by 25.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 612,564 shares of the company’s stock after purchasing an additional 123,760 shares during the period. Cetera Investment Advisers owned approximately 7.29% of iShares MSCI USA Quality GARP ETF worth $39,186,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Geneos Wealth Management Inc. purchased a new stake in shares of iShares MSCI USA Quality GARP ETF in the first quarter valued at about $1,466,000. Keystone Global Partners LLC purchased a new position in iShares MSCI USA Quality GARP ETF during the fourth quarter worth about $5,843,000. Uptick Partners LLC purchased a new position in iShares MSCI USA Quality GARP ETF during the fourth quarter worth about $1,716,000. Optima Capital LLC purchased a new position in iShares MSCI USA Quality GARP ETF during the fourth quarter worth about $4,013,000. Finally, 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 period.

iShares MSCI USA Quality GARP ETF Trading Down 0.7%

Shares of GARP opened at $78.32 on Friday. iShares MSCI USA Quality GARP ETF has a twelve month low of $60.01 and a twelve month high of $83.40. The stock’s 50 day moving average is $80.08 and its two-hundred day moving average is $72.99. The firm has a market capitalization of $657.89 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.