iShares MSCI USA Quality GARP ETF (BATS:GARP) Sets New 1-Year High – Here’s What Happened

iShares MSCI USA Quality GARP ETF (BATS:GARP)’s share price hit a new 52-week high during trading on Wednesday. The stock traded as high as $85.85 and last traded at $85.62, with a volume of 46598 shares changing hands. The stock had previously closed at $85.33.

iShares MSCI USA Quality GARP ETF Stock Performance

The company has a market capitalization of $721.17 million, a price-to-earnings ratio of 29.61 and a beta of 1.14. The business’s 50 day moving average is $82.71 and its 200 day moving average is $77.76.

Institutional Investors Weigh In On iShares MSCI USA Quality GARP ETF

Several institutional investors and hedge funds have recently made changes to their positions in the stock. NewEdge Advisors LLC raised its stake in shares of iShares MSCI USA Quality GARP ETF by 7.1% in the first quarter. NewEdge Advisors LLC now owns 2,619 shares of the company’s stock worth $168,000 after purchasing an additional 173 shares during the last quarter. Kane Investment Management Inc. boosted its position in iShares MSCI USA Quality GARP ETF by 3.3% in the fourth quarter. Kane Investment Management Inc. now owns 6,267 shares of the company’s stock valued at $427,000 after buying an additional 201 shares during the last quarter. Stonebridge Wealth Management LLC boosted its position in iShares MSCI USA Quality GARP ETF by 0.7% in the first quarter. Stonebridge Wealth Management LLC now owns 30,107 shares of the company’s stock valued at $1,926,000 after buying an additional 218 shares during the last quarter. Dynamic Advisor Solutions LLC increased its holdings in iShares MSCI USA Quality GARP ETF by 1.5% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 22,622 shares of the company’s stock worth $1,867,000 after buying an additional 339 shares during the period. Finally, Ancora Advisors LLC acquired a new position in iShares MSCI USA Quality GARP ETF in the 2nd quarter worth approximately $33,000.

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.