iShares MSCI USA Quality GARP ETF $GARP Stock Holdings Lessened by Wealth Enhancement Trust Services Inc.

Wealth Enhancement Trust Services Inc. lowered its stake in shares of iShares MSCI USA Quality GARP ETF (BATS:GARP) by 30.2% during the third quarter, Holdings Channel reports. The fund owned 21,342 shares of the company’s stock after selling 9,254 shares during the quarter. Wealth Enhancement Trust Services Inc.’s holdings in iShares MSCI USA Quality GARP ETF were worth $1,820,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. NewEdge Advisors LLC raised its stake in iShares MSCI USA Quality GARP ETF by 7.1% in the 1st quarter. NewEdge Advisors LLC now owns 2,619 shares of the company’s stock valued at $168,000 after purchasing an additional 173 shares during the last quarter. Kane Investment Management Inc. boosted its position in iShares MSCI USA Quality GARP ETF by 3.3% during the fourth quarter. Kane Investment Management Inc. now owns 6,267 shares of the company’s stock worth $427,000 after acquiring an additional 201 shares during the last quarter. Stonebridge Wealth Management LLC grew its stake in iShares MSCI USA Quality GARP ETF by 0.7% in the 1st quarter. Stonebridge Wealth Management LLC now owns 30,107 shares of the company’s stock worth $1,926,000 after acquiring an additional 218 shares during the period. Dynamic Advisor Solutions LLC lifted its stake in shares of iShares MSCI USA Quality GARP ETF by 1.5% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 22,622 shares of the company’s stock worth $1,867,000 after purchasing an additional 339 shares during the period. Finally, Ancora Advisors LLC acquired a new stake in shares of iShares MSCI USA Quality GARP ETF during the second quarter worth $33,000.

iShares MSCI USA Quality GARP ETF Stock Down 0.6%

Shares of BATS:GARP traded down $0.52 during midday trading on Wednesday, reaching $87.06. The company’s stock had a trading volume of 531,289 shares, compared to its average volume of 303,470. The firm has a market cap of $731.30 million, a price-to-earnings ratio of 29.61 and a beta of 1.14. The business has a 50 day moving average price of $83.50 and a 200 day moving average price of $78.47. iShares MSCI USA Quality GARP ETF has a 1 year low of $61.25 and a 1 year high of $88.15.

iShares MSCI USA Quality GARP ETF 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.