195,613 Shares in iShares MSCI USA Quality GARP ETF $GARP Purchased by Sound Income Strategies LLC

Sound Income Strategies LLC acquired a new position in shares of iShares MSCI USA Quality GARP ETF (BATS:GARP) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 195,613 shares of the company’s stock, valued at approximately $16,840,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Cadent Capital Advisors LLC purchased a new stake in iShares MSCI USA Quality GARP ETF during the third quarter valued at approximately $7,547,000. Insight Wealth Strategies LLC grew its holdings in iShares MSCI USA Quality GARP ETF by 34.8% in the third quarter. Insight Wealth Strategies LLC now owns 345,059 shares of the company’s stock worth $29,420,000 after purchasing an additional 89,112 shares during the last quarter. Breakwater Capital Group grew its holdings in iShares MSCI USA Quality GARP ETF by 16.9% in the third quarter. Breakwater Capital Group now owns 13,728 shares of the company’s stock worth $1,170,000 after purchasing an additional 1,988 shares during the last quarter. City Center Advisors LLC increased its position in shares of iShares MSCI USA Quality GARP ETF by 9.5% during the third quarter. City Center Advisors LLC now owns 3,244 shares of the company’s stock worth $277,000 after purchasing an additional 282 shares in the last quarter. Finally, First Community Trust NA acquired a new position in shares of iShares MSCI USA Quality GARP ETF during the third quarter worth $36,135,000.

iShares MSCI USA Quality GARP ETF Trading Up 0.9%

Shares of GARP traded up $0.77 during midday trading on Friday, hitting $86.86. 562,190 shares of the company’s stock traded hands, compared to its average volume of 305,364. The stock has a market capitalization of $729.62 million, a price-to-earnings ratio of 29.61 and a beta of 1.14. iShares MSCI USA Quality GARP ETF has a 1 year low of $61.25 and a 1 year high of $88.15. The firm’s fifty day moving average is $83.85 and its 200-day moving average is $78.77.

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.