Royal Bank of Canada increased its position in iShares MSCI USA Quality GARP ETF (BATS:GARP – Free Report) by 13,940.2% in the 1st quarter, Holdings Channel reports. The firm owned 33,837 shares of the company’s stock after buying an additional 33,596 shares during the period. Royal Bank of Canada’s holdings in iShares MSCI USA Quality GARP ETF were worth $2,165,000 as of its most recent filing with the SEC.
Other hedge funds have also recently added to or reduced their stakes in the company. Allworth Financial LP acquired a new stake in shares of iShares MSCI USA Quality GARP ETF during the fourth quarter worth about $33,000. Sankala Group LLC acquired a new position in iShares MSCI USA Quality GARP ETF in the 4th quarter valued at about $38,000. Assetmark Inc. purchased a new stake in iShares MSCI USA Quality GARP ETF during the 4th quarter valued at approximately $42,000. New England Capital Financial Advisors LLC purchased a new stake in iShares MSCI USA Quality GARP ETF during the 1st quarter valued at approximately $65,000. Finally, Bank of Montreal Can lifted its position in iShares MSCI USA Quality GARP ETF by 180.4% during the 4th quarter. Bank of Montreal Can now owns 973 shares of the company’s stock worth $66,000 after acquiring an additional 626 shares during the period.
iShares MSCI USA Quality GARP ETF Price Performance
BATS:GARP opened at $84.22 on Tuesday. The firm’s fifty day moving average price is $80.77 and its 200 day moving average price is $74.42. iShares MSCI USA Quality GARP ETF has a 1-year low of $60.33 and a 1-year high of $85.48. The firm has a market cap of $707.45 million, a price-to-earnings ratio of 29.61 and a beta of 1.14.
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.
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