Kestra Advisory Services LLC Buys 27,130 Shares of iShares MSCI USA Quality GARP ETF $GARP

Kestra Advisory Services LLC lifted its stake in iShares MSCI USA Quality GARP ETF (BATS:GARP) by 74.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 63,437 shares of the company’s stock after buying an additional 27,130 shares during the period. Kestra Advisory Services LLC owned about 0.76% of iShares MSCI USA Quality GARP ETF worth $4,058,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Archer Investment Management LLC acquired a new position in iShares MSCI USA Quality GARP ETF during the fourth quarter worth $597,000. CGN Advisors LLC boosted its stake in shares of iShares MSCI USA Quality GARP ETF by 23.9% in the 4th quarter. CGN Advisors LLC now owns 86,919 shares of the company’s stock valued at $5,919,000 after purchasing an additional 16,752 shares in the last quarter. Keystone Global Partners LLC acquired a new stake in shares of iShares MSCI USA Quality GARP ETF in the 4th quarter valued at $5,843,000. Certified Advisory Corp grew its holdings in shares of iShares MSCI USA Quality GARP ETF by 273.3% in the 1st quarter. Certified Advisory Corp now owns 133,439 shares of the company’s stock worth $8,536,000 after purchasing an additional 97,694 shares during the last quarter. Finally, Optima Capital LLC bought a new stake in shares of iShares MSCI USA Quality GARP ETF in the 4th quarter worth about $4,013,000.

iShares MSCI USA Quality GARP ETF Stock Down 1.4%

Shares of iShares MSCI USA Quality GARP ETF stock opened at $80.04 on Friday. iShares MSCI USA Quality GARP ETF has a 12-month low of $60.01 and a 12-month high of $83.40. The stock has a market capitalization of $672.34 million, a P/E ratio of 29.61 and a beta of 1.14. The company has a 50-day simple moving average of $79.84 and a 200 day simple moving average of $72.58.

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.