Stratos Wealth Advisors LLC Makes New $707,000 Investment in iShares MSCI USA Quality GARP ETF $GARP

Stratos Wealth Advisors LLC purchased a new stake in iShares MSCI USA Quality GARP ETF (BATS:GARP) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 10,378 shares of the company’s stock, valued at approximately $707,000. Stratos Wealth Advisors LLC owned about 0.06% 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 also recently modified their holdings of GARP. Root Financial Partners LLC bought a new stake in shares of iShares MSCI USA Quality GARP ETF in the 3rd quarter valued at about $40,000. NewEdge Advisors LLC increased its position in iShares MSCI USA Quality GARP ETF by 46.9% during the first 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 last quarter. Advisory Services Network LLC acquired a new position in iShares MSCI USA Quality GARP ETF during the third quarter worth approximately $139,000. JPMorgan Chase & Co. bought a new stake in iShares MSCI USA Quality GARP ETF in the third quarter valued at approximately $140,000. Finally, Steward Partners Investment Advisory LLC raised its stake in iShares MSCI USA Quality GARP ETF by 232.3% in the second quarter. Steward Partners Investment Advisory LLC now owns 2,991 shares of the company’s stock valued at $181,000 after buying an additional 2,091 shares during the period.

iShares MSCI USA Quality GARP ETF Stock Performance

Shares of BATS GARP opened at $64.89 on Monday. The stock has a 50 day moving average of $67.20 and a 200-day moving average of $67.40. iShares MSCI USA Quality GARP ETF has a 12 month low of $43.02 and a 12 month high of $71.50. The company has a market capitalization of $545.08 million, a P/E ratio of 29.61 and a beta of 1.14.

iShares MSCI USA Quality GARP ETF 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.