Archer Investment Management LLC Acquires New Shares in iShares MSCI USA Quality GARP ETF $GARP

Archer Investment Management LLC acquired a new position in shares of iShares MSCI USA Quality GARP ETF (BATS:GARP) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 8,767 shares of the company’s stock, valued at approximately $597,000. Archer Investment Management LLC owned about 0.06% of iShares MSCI USA Quality GARP ETF as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Root Financial Partners LLC acquired a new stake in shares of iShares MSCI USA Quality GARP ETF during the third quarter valued at about $40,000. NewEdge Advisors LLC boosted its position in iShares MSCI USA Quality GARP ETF by 46.9% during the 1st quarter. NewEdge Advisors LLC now owns 1,782 shares of the company’s stock worth $91,000 after buying an additional 569 shares during the period. Advisory Services Network LLC bought a new stake in iShares MSCI USA Quality GARP ETF during the 3rd quarter worth approximately $139,000. JPMorgan Chase & Co. bought a new stake in iShares MSCI USA Quality GARP ETF during the 3rd quarter worth approximately $140,000. Finally, Steward Partners Investment Advisory LLC increased its position in iShares MSCI USA Quality GARP ETF by 232.3% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 2,991 shares of the company’s stock valued at $181,000 after acquiring an additional 2,091 shares during the period.

iShares MSCI USA Quality GARP ETF Stock Performance

GARP stock opened at $65.33 on Wednesday. The company has a fifty day moving average price of $68.04 and a 200-day moving average price of $67.39. The company has a market capitalization of $548.77 million, a P/E ratio of 29.61 and a beta of 1.14. iShares MSCI USA Quality GARP ETF has a 52-week low of $43.02 and a 52-week high of $71.50.

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.