iShares MSCI USA Quality GARP ETF (BATS:GARP) Share Price Cross Below Two Hundred Day Moving Average – Here’s What Happened

iShares MSCI USA Quality GARP ETF (BATS:GARP)’s stock price passed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $76.68 and traded as low as $72.48. iShares MSCI USA Quality GARP ETF shares last traded at $72.57, with a volume of 715,918 shares.

iShares MSCI USA Quality GARP ETF Trading Down 6.8%

The company has a market cap of $609.59 million, a price-to-earnings ratio of 29.61 and a beta of 1.14. The firm has a 50-day moving average price of $82.91 and a 200 day moving average price of $76.68.

Hedge Funds Weigh In On iShares MSCI USA Quality GARP ETF

Several large investors have recently added to or reduced their stakes in the company. Westside Investment Management Inc. acquired a new position in iShares MSCI USA Quality GARP ETF in the third quarter worth $25,000. Ancora Advisors LLC bought a new stake in iShares MSCI USA Quality GARP ETF during the second quarter valued at $33,000. Root Financial Partners LLC bought a new stake in iShares MSCI USA Quality GARP ETF during the third quarter valued at $47,000. Latitude Advisors LLC acquired a new stake in shares of iShares MSCI USA Quality GARP ETF during the third quarter worth $52,000. Finally, Silver Grove Financial Group Inc. acquired a new stake in shares of iShares MSCI USA Quality GARP ETF during the third quarter worth $97,000.

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.