Synergy Asset Management LLC Makes New Investment in iShares MSCI USA Quality GARP ETF $GARP

Synergy Asset Management LLC acquired a new stake in shares of iShares MSCI USA Quality GARP ETF (NYSEARCA:GARP) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 37,866 shares of the company’s stock, valued at approximately $2,486,000. Synergy Asset Management LLC owned about 0.32% of iShares MSCI USA Quality GARP ETF as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Landaas & Co. WI ADV boosted its stake in shares of iShares MSCI USA Quality GARP ETF by 3.7% during the 2nd quarter. Landaas & Co. WI ADV now owns 424,178 shares of the company’s stock worth $25,610,000 after purchasing an additional 15,080 shares during the period. Elevation Point Wealth Partners LLC bought a new stake in iShares MSCI USA Quality GARP ETF in the second quarter worth about $24,721,000. Cetera Investment Advisers boosted its position in shares of iShares MSCI USA Quality GARP ETF by 53.7% during the second quarter. Cetera Investment Advisers now owns 407,668 shares of the company’s stock valued at $24,615,000 after buying an additional 142,403 shares during the period. Park National Corp OH boosted its position in shares of iShares MSCI USA Quality GARP ETF by 3.3% during the third quarter. Park National Corp OH now owns 292,023 shares of the company’s stock valued at $19,168,000 after buying an additional 9,400 shares during the period. Finally, Planned Solutions Inc. bought a new position in shares of iShares MSCI USA Quality GARP ETF during the second quarter valued at approximately $13,660,000.

iShares MSCI USA Quality GARP ETF Stock Performance

Shares of NYSEARCA GARP opened at $68.57 on Friday. iShares MSCI USA Quality GARP ETF has a fifty-two week low of $43.02 and a fifty-two week high of $69.67. The company has a market cap of $994.27 million, a price-to-earnings ratio of 30.61 and a beta of 1.14. The business’s 50 day moving average price is $67.72 and its 200-day moving average price is $64.51.

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.