iShares MSCI USA Quality GARP ETF (BATS:GARP) Reaches New 52-Week High – Still a Buy?

iShares MSCI USA Quality GARP ETF (BATS:GARP) reached a new 52-week high on Monday . The company traded as high as $85.62 and last traded at $85.59, with a volume of 335363 shares. The stock had previously closed at $83.06.

iShares MSCI USA Quality GARP ETF Trading Up 2.8%

The company has a market capitalization of $717.02 million, a P/E ratio of 29.61 and a beta of 1.14. The stock has a 50 day moving average price of $82.00 and a 200 day moving average price of $76.88.

Hedge Funds Weigh In On iShares MSCI USA Quality GARP ETF

Several large investors have recently bought and sold shares of the company. Geneos Wealth Management Inc. acquired a new stake in iShares MSCI USA Quality GARP ETF in the first quarter valued at $1,466,000. Certified Advisory Corp lifted its holdings in iShares MSCI USA Quality GARP ETF by 273.3% during the 1st quarter. Certified Advisory Corp now owns 133,439 shares of the company’s stock worth $8,536,000 after buying an additional 97,694 shares during the period. HB Wealth Management LLC acquired a new position in iShares MSCI USA Quality GARP ETF during the 2nd quarter worth about $2,693,000. Bank of America Corp DE grew its position in shares of iShares MSCI USA Quality GARP ETF by 52.0% in the 1st quarter. Bank of America Corp DE now owns 546,192 shares of the company’s stock valued at $34,940,000 after buying an additional 186,930 shares during the last quarter. Finally, Independent Financial Group LLC bought a new stake in shares of iShares MSCI USA Quality GARP ETF in the 1st quarter valued at about $20,542,000.

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.