First Community Trust NA Acquires New Shares in iShares MSCI USA Quality GARP ETF $GARP

First Community Trust NA bought a new position in iShares MSCI USA Quality GARP ETF (BATS:GARP) during the 3rd quarter, Holdings Channel reports. The institutional investor bought 423,820 shares of the company’s stock, valued at approximately $36,135,000. iShares MSCI USA Quality GARP ETF accounts for about 12.0% of First Community Trust NA’s holdings, making the stock its 2nd largest position. First Community Trust NA owned about 0.05% of iShares MSCI USA Quality GARP ETF as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in GARP. NewEdge Advisors LLC lifted its stake in shares of iShares MSCI USA Quality GARP ETF by 7.1% in the 1st quarter. NewEdge Advisors LLC now owns 2,619 shares of the company’s stock worth $168,000 after purchasing an additional 173 shares during the period. Kane Investment Management Inc. boosted its holdings in shares of iShares MSCI USA Quality GARP ETF by 3.3% in the fourth quarter. Kane Investment Management Inc. now owns 6,267 shares of the company’s stock worth $427,000 after buying an additional 201 shares during the last quarter. Stonebridge Wealth Management LLC grew its position in iShares MSCI USA Quality GARP ETF by 0.7% during the first quarter. Stonebridge Wealth Management LLC now owns 30,107 shares of the company’s stock valued at $1,926,000 after buying an additional 218 shares during the period. Dynamic Advisor Solutions LLC grew its position in iShares MSCI USA Quality GARP ETF by 1.5% during the second quarter. Dynamic Advisor Solutions LLC now owns 22,622 shares of the company’s stock valued at $1,867,000 after buying an additional 339 shares during the period. Finally, Ancora Advisors LLC purchased a new stake in iShares MSCI USA Quality GARP ETF during the second quarter valued at approximately $33,000.

iShares MSCI USA Quality GARP ETF Stock Down 0.6%

GARP traded down $0.56 during trading on Wednesday, hitting $87.02. The company’s stock had a trading volume of 237,412 shares, compared to its average volume of 301,884. iShares MSCI USA Quality GARP ETF has a one year low of $61.25 and a one year high of $88.15. The firm has a market cap of $730.95 million, a PE ratio of 29.61 and a beta of 1.14. The business’s 50 day simple moving average is $83.50 and its 200-day simple moving average is $78.47.

iShares MSCI USA Quality GARP ETF 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.