Royal Bank of Canada Boosts Stake in iShares MSCI USA Quality GARP ETF $GARP

Royal Bank of Canada lifted its stake in shares of iShares MSCI USA Quality GARP ETF (BATS:GARP) by 13,940.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 33,837 shares of the company’s stock after purchasing an additional 33,596 shares during the period. Royal Bank of Canada owned 0.40% of iShares MSCI USA Quality GARP ETF worth $2,165,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. LPL Financial LLC boosted its stake in iShares MSCI USA Quality GARP ETF by 29.5% during the fourth quarter. LPL Financial LLC now owns 1,315,966 shares of the company’s stock worth $89,617,000 after buying an additional 299,858 shares during the period. Resonant Capital Advisors LLC purchased a new stake in shares of iShares MSCI USA Quality GARP ETF in the 1st quarter valued at approximately $50,190,000. Cetera Investment Advisers lifted its holdings in shares of iShares MSCI USA Quality GARP ETF by 25.3% in the 1st quarter. Cetera Investment Advisers now owns 612,564 shares of the company’s stock worth $39,186,000 after acquiring an additional 123,760 shares during the last quarter. Great Valley Advisor Group Inc. lifted its holdings in shares of iShares MSCI USA Quality GARP ETF by 1,027.6% in the 4th quarter. Great Valley Advisor Group Inc. now owns 329,905 shares of the company’s stock worth $22,467,000 after acquiring an additional 300,649 shares during the last quarter. Finally, Bank of America Corp DE boosted its position in shares of iShares MSCI USA Quality GARP ETF by 87.0% during the 3rd quarter. Bank of America Corp DE now owns 328,276 shares of the company’s stock worth $21,548,000 after purchasing an additional 152,708 shares during the period.

iShares MSCI USA Quality GARP ETF Trading Down 0.5%

Shares of BATS GARP opened at $84.22 on Tuesday. iShares MSCI USA Quality GARP ETF has a twelve month low of $60.33 and a twelve month high of $85.48. The stock has a fifty day simple moving average of $80.77 and a 200-day simple moving average of $74.42. The stock has a market capitalization of $707.45 million, a PE ratio of 29.61 and a beta of 1.14.

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.