Envestnet Asset Management Inc. boosted its stake in iShares MSCI USA Quality GARP ETF (NYSEARCA:GARP – Free Report) by 17.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 53,576 shares of the company’s stock after acquiring an additional 8,153 shares during the period. Envestnet Asset Management Inc. owned 0.55% of iShares MSCI USA Quality GARP ETF worth $3,235,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CWM LLC purchased a new stake in shares of iShares MSCI USA Quality GARP ETF during the 1st quarter worth approximately $32,000. ARQ Wealth Advisors LLC grew its holdings in iShares MSCI USA Quality GARP ETF by 22.2% during the first quarter. ARQ Wealth Advisors LLC now owns 209,457 shares of the company’s stock valued at $10,686,000 after purchasing an additional 38,114 shares during the period. Kestra Private Wealth Services LLC bought a new position in iShares MSCI USA Quality GARP ETF during the first quarter valued at $2,744,000. Cetera Investment Advisers increased its position in iShares MSCI USA Quality GARP ETF by 60.2% in the first quarter. Cetera Investment Advisers now owns 265,265 shares of the company’s stock worth $13,533,000 after buying an additional 99,729 shares during the last quarter. Finally, Assetmark Inc. bought a new stake in shares of iShares MSCI USA Quality GARP ETF in the first quarter valued at $1,825,000.
iShares MSCI USA Quality GARP ETF Price Performance
Shares of NYSEARCA GARP opened at $66.33 on Friday. The stock has a market capitalization of $1.15 billion, a PE ratio of 30.61 and a beta of 1.14. iShares MSCI USA Quality GARP ETF has a one year low of $43.02 and a one year high of $69.67. The business’s fifty day moving average price is $66.44 and its 200-day moving average price is $61.84.
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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