Lakeshore Capital Group Inc. Boosts Stock Position in iShares MSCI USA Quality GARP ETF $GARP

Lakeshore Capital Group Inc. raised its holdings in iShares MSCI USA Quality GARP ETF (NYSEARCA:GARP) by 1,608.8% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 101,690 shares of the company’s stock after acquiring an additional 95,739 shares during the period. iShares MSCI USA Quality GARP ETF accounts for 5.4% of Lakeshore Capital Group Inc.’s portfolio, making the stock its 3rd largest position. Lakeshore Capital Group Inc.’s holdings in iShares MSCI USA Quality GARP ETF were worth $6,675,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Elevation Point Wealth Partners LLC acquired a new stake in shares of iShares MSCI USA Quality GARP ETF in the second quarter worth $24,721,000. Park National Corp OH bought a new stake in iShares MSCI USA Quality GARP ETF in the 2nd quarter valued at $17,065,000. Planned Solutions Inc. bought a new stake in iShares MSCI USA Quality GARP ETF in the 2nd quarter valued at $13,660,000. Cetera Investment Advisers grew its position in iShares MSCI USA Quality GARP ETF by 53.7% in the 2nd quarter. Cetera Investment Advisers now owns 407,668 shares of the company’s stock worth $24,615,000 after purchasing an additional 142,403 shares during the last quarter. Finally, D Orazio & Associates Inc. increased its holdings in shares of iShares MSCI USA Quality GARP ETF by 146.3% during the 2nd quarter. D Orazio & Associates Inc. now owns 122,431 shares of the company’s stock worth $7,392,000 after purchasing an additional 72,721 shares during the period.

iShares MSCI USA Quality GARP ETF Stock Down 0.0%

Shares of GARP opened at $69.25 on Monday. iShares MSCI USA Quality GARP ETF has a 12-month low of $43.02 and a 12-month high of $69.67. The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of 30.61 and a beta of 1.14. The stock’s 50-day moving average price is $67.58 and its 200 day moving average price is $64.24.

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.