195,613 Shares of iShares MSCI USA Quality GARP ETF $GARP Acquired by Sound Income Strategies LLC

Sound Income Strategies LLC purchased a new position in iShares MSCI USA Quality GARP ETF (BATS:GARP) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 195,613 shares of the company’s stock, valued at approximately $16,840,000. Sound Income Strategies LLC owned 2.33% of iShares MSCI USA Quality GARP ETF as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently modified their holdings of GARP. Ancora Advisors LLC purchased a new position in iShares MSCI USA Quality GARP ETF during the second quarter valued at approximately $33,000. Sankala Group LLC purchased a new stake in iShares MSCI USA Quality GARP ETF during the fourth quarter worth $38,000. New England Capital Financial Advisors LLC bought a new stake in iShares MSCI USA Quality GARP ETF during the 1st quarter valued at $65,000. Fifth Third Bancorp boosted its position in iShares MSCI USA Quality GARP ETF by 2,553.8% during the 1st quarter. Fifth Third Bancorp now owns 2,070 shares of the company’s stock valued at $132,000 after acquiring an additional 1,992 shares in the last quarter. Finally, NewEdge Advisors LLC increased its holdings 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 valued at $168,000 after acquiring an additional 173 shares during the period.

iShares MSCI USA Quality GARP ETF Trading Up 0.9%

Shares of BATS:GARP traded up $0.77 on Friday, reaching $86.86. The company had a trading volume of 562,190 shares, compared to its average volume of 305,364. The firm has a market capitalization of $729.62 million, a PE ratio of 29.61 and a beta of 1.14. iShares MSCI USA Quality GARP ETF has a 52-week low of $61.25 and a 52-week high of $88.15. The firm’s 50 day simple moving average is $83.85 and its 200-day simple moving average is $78.77.

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.