Cedar Wealth Management LLC Boosts Stake in iShares MSCI USA Quality GARP ETF $GARP

Cedar Wealth Management LLC grew its position in shares of iShares MSCI USA Quality GARP ETF (BATS:GARP) by 148.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 24,408 shares of the company’s stock after acquiring an additional 14,603 shares during the period. iShares MSCI USA Quality GARP ETF comprises about 0.5% of Cedar Wealth Management LLC’s holdings, making the stock its 23rd largest position. Cedar Wealth Management LLC’s holdings in iShares MSCI USA Quality GARP ETF were worth $1,662,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of GARP. Integrated Wealth Concepts LLC purchased a new stake in shares of iShares MSCI USA Quality GARP ETF during the 1st quarter worth about $262,000. NewEdge Advisors LLC lifted 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 valued at $91,000 after buying an additional 569 shares in the last quarter. Goldman Sachs Group Inc. purchased a new stake in iShares MSCI USA Quality GARP ETF during the first quarter worth approximately $803,000. Jane Street Group LLC grew its stake 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 buying an additional 8,721 shares during the period. Finally, Raymond James Financial Inc. increased its position in shares of iShares MSCI USA Quality GARP ETF by 45.0% in the second quarter. Raymond James Financial Inc. now owns 88,764 shares of the company’s stock worth $5,360,000 after acquiring an additional 27,562 shares in the last quarter.

iShares MSCI USA Quality GARP ETF Trading Down 0.7%

Shares of GARP stock opened at $76.23 on Tuesday. The company has a market cap of $640.33 million, a PE ratio of 29.61 and a beta of 1.14. The company’s fifty day simple moving average is $69.69 and its 200-day simple moving average is $68.72. iShares MSCI USA Quality GARP ETF has a 52 week low of $55.43 and a 52 week high of $78.14.

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.