iShares MSCI USA Quality GARP ETF (BATS:GARP) Hits New 1-Year High – What’s Next?

iShares MSCI USA Quality GARP ETF (BATS:GARP)’s stock price reached 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 trading hands. The stock had previously closed at $83.65.

iShares MSCI USA Quality GARP ETF Price Performance

The company has a market capitalization of $705.52 million, a price-to-earnings ratio of 29.61 and a beta of 1.14. The stock has a 50 day simple moving average of $80.47 and a two-hundred day simple moving average of $74.00.

Institutional Investors Weigh In On iShares MSCI USA Quality GARP ETF

Several institutional investors have recently added to or reduced their stakes in GARP. Integrated Wealth Concepts LLC purchased a new position in iShares MSCI USA Quality GARP ETF in the first quarter valued at approximately $262,000. NewEdge Advisors LLC lifted its position in shares of iShares MSCI USA Quality GARP ETF by 46.9% during the 1st quarter. NewEdge Advisors LLC now owns 1,782 shares of the company’s stock worth $91,000 after buying an additional 569 shares during the last quarter. Goldman Sachs Group Inc. purchased a new stake in shares of iShares MSCI USA Quality GARP ETF during the 1st quarter worth approximately $803,000. Jane Street Group LLC boosted its holdings in shares of iShares MSCI USA Quality GARP ETF by 150.9% in the 1st quarter. Jane Street Group LLC now owns 14,499 shares of the company’s stock valued at $740,000 after buying an additional 8,721 shares in the last quarter. Finally, Raymond James Financial Inc. boosted its holdings in shares of iShares MSCI USA Quality GARP ETF by 45.0% in the 2nd quarter. Raymond James Financial Inc. now owns 88,764 shares of the company’s stock valued at $5,360,000 after buying an additional 27,562 shares in the last quarter.

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.