Kestra Advisory Services LLC Has $4.06 Million Stock Holdings in iShares MSCI USA Quality GARP ETF $GARP

Kestra Advisory Services LLC boosted its position in iShares MSCI USA Quality GARP ETF (BATS:GARP) by 74.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 63,437 shares of the company’s stock after acquiring an additional 27,130 shares during the period. Kestra Advisory Services LLC’s holdings in iShares MSCI USA Quality GARP ETF were worth $4,058,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Resonant Capital Advisors LLC acquired a new position in iShares MSCI USA Quality GARP ETF during the 1st quarter valued at about $50,190,000. New England Capital Financial Advisors LLC bought a new position in shares of iShares MSCI USA Quality GARP ETF in the 1st quarter valued at about $65,000. Janney Montgomery Scott LLC grew its position in shares of iShares MSCI USA Quality GARP ETF by 16.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 4,785 shares of the company’s stock worth $306,000 after buying an additional 660 shares during the period. Ritholtz Wealth Management acquired a new stake in shares of iShares MSCI USA Quality GARP ETF during the 1st quarter worth approximately $407,000. Finally, Breakwater Capital Group grew its position in shares of iShares MSCI USA Quality GARP ETF by 23.2% during the 1st quarter. Breakwater Capital Group now owns 11,238 shares of the company’s stock worth $719,000 after buying an additional 2,116 shares during the period.

iShares MSCI USA Quality GARP ETF Price Performance

GARP opened at $80.04 on Friday. The firm has a 50 day simple moving average of $79.84 and a 200 day simple moving average of $72.58. iShares MSCI USA Quality GARP ETF has a fifty-two week low of $60.01 and a fifty-two week high of $83.40. The company has a market cap of $672.34 million, a price-to-earnings ratio of 29.61 and a beta of 1.14.

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.