Merit Financial Group LLC Makes New Investment in iShares MSCI USA Quality GARP ETF $GARP

Merit Financial Group LLC bought a new position in shares of iShares MSCI USA Quality GARP ETF (BATS:GARP) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 55,718 shares of the company’s stock, valued at approximately $3,794,000. Merit Financial Group LLC owned 0.32% of iShares MSCI USA Quality GARP ETF as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of GARP. Integrated Wealth Concepts LLC acquired a new stake in iShares MSCI USA Quality GARP ETF during the 1st quarter worth approximately $262,000. NewEdge Advisors LLC raised its holdings 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. Goldman Sachs Group Inc. acquired a new stake in iShares MSCI USA Quality GARP ETF during the 1st quarter worth approximately $803,000. Jane Street Group LLC raised its holdings in iShares MSCI USA Quality GARP ETF by 150.9% during the 1st quarter. Jane Street Group LLC now owns 14,499 shares of the company’s stock worth $740,000 after buying an additional 8,721 shares during the period. Finally, Raymond James Financial Inc. raised its holdings in iShares MSCI USA Quality GARP ETF by 45.0% during the 2nd quarter. Raymond James Financial Inc. now owns 88,764 shares of the company’s stock worth $5,360,000 after buying an additional 27,562 shares during the period.

iShares MSCI USA Quality GARP ETF Stock Performance

Shares of GARP stock opened at $72.33 on Monday. The company has a market capitalization of $607.57 million, a P/E ratio of 29.61 and a beta of 1.14. The company’s 50 day moving average price is $67.09 and its two-hundred day moving average price is $67.63. iShares MSCI USA Quality GARP ETF has a 52 week low of $46.27 and a 52 week high of $72.56.

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.