Adapt Wealth Advisors LLC Purchases Shares of 15,558 iShares MSCI USA Quality GARP ETF $GARP

Adapt Wealth Advisors LLC acquired a new position in iShares MSCI USA Quality GARP ETF (NYSEARCA:GARP) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,558 shares of the company’s stock, valued at approximately $1,021,000. Adapt Wealth Advisors LLC owned approximately 0.09% of iShares MSCI USA Quality GARP ETF as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in GARP. NewEdge Advisors LLC lifted its holdings in shares of iShares MSCI USA Quality GARP ETF by 9.2% during the 2nd quarter. NewEdge Advisors LLC now owns 1,946 shares of the company’s stock valued at $118,000 after acquiring an additional 164 shares in the last quarter. Milestones Private Investment Advisors LLC raised its position in iShares MSCI USA Quality GARP ETF by 0.5% in the third quarter. Milestones Private Investment Advisors LLC now owns 62,661 shares of the company’s stock valued at $4,113,000 after purchasing an additional 306 shares during the period. D.A. Davidson & CO. lifted its stake in shares of iShares MSCI USA Quality GARP ETF by 10.2% during the third quarter. D.A. Davidson & CO. now owns 3,950 shares of the company’s stock worth $259,000 after purchasing an additional 365 shares in the last quarter. Golden State Wealth Management LLC lifted its stake in shares of iShares MSCI USA Quality GARP ETF by 5.1% during the second quarter. Golden State Wealth Management LLC now owns 9,103 shares of the company’s stock worth $550,000 after purchasing an additional 445 shares in the last quarter. Finally, Global Retirement Partners LLC boosted its position in shares of iShares MSCI USA Quality GARP ETF by 21.5% in the third quarter. Global Retirement Partners LLC now owns 2,776 shares of the company’s stock worth $182,000 after buying an additional 491 shares during the period.

iShares MSCI USA Quality GARP ETF Stock Performance

GARP stock opened at $68.48 on Friday. The stock has a 50-day simple moving average of $68.79 and a 200-day simple moving average of $66.63. The firm has a market cap of $1.23 billion, a P/E ratio of 30.61 and a beta of 1.14. iShares MSCI USA Quality GARP ETF has a 1 year low of $43.02 and a 1 year high of $71.50.

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.