Shares of iShares MSCI USA Quality GARP ETF (BATS:GARP – Get Free Report) hit a new 52-week high during trading on Wednesday . The stock traded as high as $84.62 and last traded at $84.20, with a volume of 15111 shares changing hands. The stock had previously closed at $83.65.

The firm has a market cap of $705.52 million, a PE ratio of 29.61 and a beta of 1.14. The business has a 50-day moving average price of $80.47 and a two-hundred day moving average price of $74.00.

Several hedge funds and other institutional investors have recently made changes to their positions in GARP. LPL Financial LLC increased its stake in shares of iShares MSCI USA Quality GARP ETF by 29.5% during the fourth quarter. LPL Financial LLC now owns 1,315,966 shares of the company’s stock worth $89,617,000 after buying an additional 299,858 shares during the period. Resonant Capital Advisors LLC acquired a new position in iShares MSCI USA Quality GARP ETF during the 1st quarter worth approximately $50,190,000. Cetera Investment Advisers grew its holdings in iShares MSCI USA Quality GARP ETF by 25.3% during the 1st quarter. Cetera Investment Advisers now owns 612,564 shares of the company’s stock worth $39,186,000 after acquiring an additional 123,760 shares in the last quarter. Bank of America Corp DE increased its position in shares of iShares MSCI USA Quality GARP ETF by 52.0% in the 1st quarter. Bank of America Corp DE now owns 546,192 shares of the company’s stock valued at $34,940,000 after purchasing an additional 186,930 shares during the last quarter. Finally, Great Valley Advisor Group Inc. increased its position in shares of iShares MSCI USA Quality GARP ETF by 1,027.6% in the 4th quarter. Great Valley Advisor Group Inc. now owns 329,905 shares of the company’s stock valued at $22,467,000 after purchasing an additional 300,649 shares during the last quarter.

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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.

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