Geneos Wealth Management Inc. Makes New Investment in iShares MSCI USA Quality GARP ETF $GARP

Geneos Wealth Management Inc. purchased a new stake in iShares MSCI USA Quality GARP ETF (BATS:GARP) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 22,914 shares of the company’s stock, valued at approximately $1,466,000. Geneos Wealth Management Inc. owned about 0.27% 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. Integrated Wealth Concepts LLC acquired a new position in shares of iShares MSCI USA Quality GARP ETF during the 1st quarter worth about $262,000. NewEdge Advisors LLC lifted its stake in iShares MSCI USA Quality GARP ETF by 46.9% in the 1st quarter. NewEdge Advisors LLC now owns 1,782 shares of the company’s stock valued at $91,000 after purchasing an additional 569 shares during the last quarter. Goldman Sachs Group Inc. bought a new position in iShares MSCI USA Quality GARP ETF during the first quarter worth about $803,000. Jane Street Group LLC grew its holdings in iShares MSCI USA Quality GARP ETF by 150.9% during the first quarter. Jane Street Group LLC now owns 14,499 shares of the company’s stock worth $740,000 after purchasing an additional 8,721 shares during the period. Finally, Raymond James Financial Inc. grew its holdings in iShares MSCI USA Quality GARP ETF by 45.0% during the second quarter. Raymond James Financial Inc. now owns 88,764 shares of the company’s stock worth $5,360,000 after purchasing an additional 27,562 shares during the period.

iShares MSCI USA Quality GARP ETF Stock Down 1.3%

Shares of BATS GARP opened at $79.03 on Friday. The business’s 50 day moving average price is $79.88 and its two-hundred day moving average price is $72.63. The company has a market cap of $663.85 million, a PE ratio of 29.61 and a beta of 1.14. iShares MSCI USA Quality GARP ETF has a twelve month low of $60.01 and a twelve month high of $83.40.

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.