iShares MSCI USA Quality GARP ETF $GARP Shares Newly Acquired by Cadent Capital Advisors LLC

Cadent Capital Advisors LLC bought a new position in shares of iShares MSCI USA Quality GARP ETF (BATS:GARP) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 88,523 shares of the company’s stock, valued at approximately $7,547,000. iShares MSCI USA Quality GARP ETF accounts for 1.6% of Cadent Capital Advisors LLC’s holdings, making the stock its 19th biggest holding. Cadent Capital Advisors LLC owned 1.05% of iShares MSCI USA Quality GARP ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Resonant Capital Advisors LLC acquired a new stake in shares of iShares MSCI USA Quality GARP ETF in the 1st quarter worth approximately $50,190,000. Cetera Investment Advisers grew its holdings in iShares MSCI USA Quality GARP ETF by 25.3% in the first quarter. Cetera Investment Advisers now owns 612,564 shares of the company’s stock valued at $39,186,000 after purchasing an additional 123,760 shares during the last quarter. Bank of America Corp DE increased its position in shares of iShares MSCI USA Quality GARP ETF by 52.0% in the first 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 in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of iShares MSCI USA Quality GARP ETF by 8.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 545,252 shares of the company’s stock worth $45,011,000 after buying an additional 43,119 shares in the last quarter. Finally, First Community Trust NA purchased a new stake in shares of iShares MSCI USA Quality GARP ETF in the 3rd quarter worth about $36,135,000.

iShares MSCI USA Quality GARP ETF Price Performance

GARP traded up $0.64 during midday trading on Friday, reaching $86.72. 394,368 shares of the company’s stock were exchanged, compared to its average volume of 304,485. iShares MSCI USA Quality GARP ETF has a 1-year low of $61.25 and a 1-year high of $88.15. The stock has a market capitalization of $728.49 million, a PE ratio of 29.61 and a beta of 1.14. The business’s 50-day moving average price is $83.85 and its 200 day moving average price 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.