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

Shares of iShares MSCI USA Quality GARP ETF (BATS:GARP) reached a new 52-week high during trading on Wednesday . The stock traded as high as $84.62 and last traded at $84.20, with a volume of 15111 shares traded. The stock had previously closed at $83.65.

iShares MSCI USA Quality GARP ETF Trading Up 1.4%

The stock’s 50 day moving average price is $80.56 and its 200 day moving average price is $74.22. The company has a market cap of $715.34 million, a price-to-earnings ratio of 29.61 and a beta of 1.14.

Institutional Investors Weigh In On iShares MSCI USA Quality GARP ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. NewEdge Advisors LLC raised its stake in shares of iShares MSCI USA Quality GARP ETF by 9.2% in the 2nd quarter. NewEdge Advisors LLC now owns 1,946 shares of the company’s stock valued at $118,000 after acquiring an additional 164 shares during the period. Kane Investment Management Inc. grew its holdings in iShares MSCI USA Quality GARP ETF by 3.3% during the 4th quarter. Kane Investment Management Inc. now owns 6,267 shares of the company’s stock worth $427,000 after acquiring an additional 201 shares in the last quarter. Stonebridge Wealth Management LLC grew its stake in iShares MSCI USA Quality GARP ETF by 0.7% in the first quarter. Stonebridge Wealth Management LLC now owns 30,107 shares of the company’s stock worth $1,926,000 after purchasing an additional 218 shares in the last quarter. Dynamic Advisor Solutions LLC grew its position in shares of iShares MSCI USA Quality GARP ETF by 1.5% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 22,622 shares of the company’s stock worth $1,867,000 after acquiring an additional 339 shares in the last quarter. Finally, Global Retirement Partners LLC increased its stake in iShares MSCI USA Quality GARP ETF by 13.9% during the fourth quarter. Global Retirement Partners LLC now owns 3,163 shares of the company’s stock valued at $215,000 after purchasing an additional 387 shares during the last quarter.

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.