iShares MSCI USA Quality GARP ETF $GARP is ARQ Wealth Advisors LLC’s 2nd Largest Position

ARQ Wealth Advisors LLC boosted its holdings in iShares MSCI USA Quality GARP ETF (BATS:GARP) by 12.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 251,100 shares of the company’s stock after buying an additional 27,983 shares during the period. iShares MSCI USA Quality GARP ETF accounts for approximately 2.9% of ARQ Wealth Advisors LLC’s holdings, making the stock its 2nd largest holding. ARQ Wealth Advisors LLC’s holdings in iShares MSCI USA Quality GARP ETF were worth $16,063,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GARP. NewEdge Advisors LLC grew its holdings in iShares MSCI USA Quality GARP ETF by 9.2% in the second quarter. NewEdge Advisors LLC now owns 1,946 shares of the company’s stock valued at $118,000 after purchasing an additional 164 shares during the period. Kane Investment Management Inc. raised its stake in iShares MSCI USA Quality GARP ETF by 3.3% during the fourth quarter. Kane Investment Management Inc. now owns 6,267 shares of the company’s stock worth $427,000 after purchasing an additional 201 shares during the period. Stonebridge Wealth Management LLC raised its stake in iShares MSCI USA Quality GARP ETF by 0.7% during the first quarter. Stonebridge Wealth Management LLC now owns 30,107 shares of the company’s stock worth $1,926,000 after purchasing an additional 218 shares during the period. Spire Wealth Management boosted its holdings in shares of iShares MSCI USA Quality GARP ETF by 2.2% in the 4th quarter. Spire Wealth Management now owns 11,816 shares of the company’s stock valued at $805,000 after purchasing an additional 253 shares during the last quarter. Finally, Global Retirement Partners LLC boosted its holdings in shares of iShares MSCI USA Quality GARP ETF by 13.9% in the 4th quarter. Global Retirement Partners LLC now owns 3,163 shares of the company’s stock valued at $215,000 after purchasing an additional 387 shares during the last quarter.

iShares MSCI USA Quality GARP ETF Stock Down 0.1%

Shares of GARP stock traded down $0.09 on Friday, reaching $81.48. 320,032 shares of the stock were exchanged, compared to its average volume of 260,506. The stock has a market cap of $684.43 million, a P/E ratio of 29.61 and a beta of 1.14. The firm has a 50 day moving average of $79.38 and a two-hundred day moving average of $72.23. iShares MSCI USA Quality GARP ETF has a 1-year low of $60.01 and a 1-year high of $83.40.

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.