Cornerstone Advisors Asset Management LLC Lowers Stock Holdings in iShares MSCI USA Quality GARP ETF $GARP

Cornerstone Advisors Asset Management LLC cut its position in shares of iShares MSCI USA Quality GARP ETF (BATS:GARP) by 5.3% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 212,535 shares of the company’s stock after selling 11,904 shares during the period. iShares MSCI USA Quality GARP ETF comprises 2.3% of Cornerstone Advisors Asset Management LLC’s portfolio, making the stock its 11th biggest position. Cornerstone Advisors Asset Management LLC owned 2.53% of iShares MSCI USA Quality GARP ETF worth $17,545,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. LPL Financial LLC raised its position in shares of iShares MSCI USA Quality GARP ETF by 29.5% in the 4th quarter. LPL Financial LLC now owns 1,315,966 shares of the company’s stock valued at $89,617,000 after purchasing an additional 299,858 shares during the last quarter. Resonant Capital Advisors LLC acquired a new position in iShares MSCI USA Quality GARP ETF during the first quarter worth $50,190,000. Cetera Investment Advisers lifted its holdings in iShares MSCI USA Quality GARP ETF by 25.3% during the 1st quarter. Cetera Investment Advisers now owns 612,564 shares of the company’s stock worth $39,186,000 after buying an additional 123,760 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of iShares MSCI USA Quality GARP ETF by 52.0% in the 1st quarter. Bank of America Corp DE now owns 546,192 shares of the company’s stock valued at $34,940,000 after purchasing an additional 186,930 shares in the last quarter. Finally, Great Valley Advisor Group Inc. increased its stake in iShares MSCI USA Quality GARP ETF by 1,027.6% in the fourth quarter. Great Valley Advisor Group Inc. now owns 329,905 shares of the company’s stock valued at $22,467,000 after purchasing an additional 300,649 shares during the last quarter.

iShares MSCI USA Quality GARP ETF Stock Performance

Shares of iShares MSCI USA Quality GARP ETF stock opened at $83.95 on Friday. The company has a market cap of $705.18 million, a P/E ratio of 29.61 and a beta of 1.14. The firm has a fifty day moving average of $81.68 and a two-hundred day moving average of $75.78. iShares MSCI USA Quality GARP ETF has a one year low of $61.25 and a one year high of $85.48.

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.