Cornerstone Advisors Asset Management LLC bought a new stake in shares of iShares MSCI USA Quality GARP ETF (BATS:GARP – Free Report) during the first quarter, Holdings Channel reports. The fund bought 224,439 shares of the company’s stock, valued at approximately $14,357,000. iShares MSCI USA Quality GARP ETF makes up approximately 2.2% of Cornerstone Advisors Asset Management LLC’s portfolio, making the stock its 13th largest position.
Other institutional investors have also recently added to or reduced their stakes in the company. Allworth Financial LP acquired a new stake in shares of iShares MSCI USA Quality GARP ETF in the fourth quarter valued at about $33,000. Sankala Group LLC purchased a new position in iShares MSCI USA Quality GARP ETF in the 4th quarter valued at about $38,000. Assetmark Inc. acquired a new stake in iShares MSCI USA Quality GARP ETF in the 4th quarter worth about $42,000. New England Capital Financial Advisors LLC acquired a new stake in iShares MSCI USA Quality GARP ETF in the 1st quarter worth about $65,000. Finally, Bank of Montreal Can increased its stake in iShares MSCI USA Quality GARP ETF by 180.4% during the 4th quarter. Bank of Montreal Can now owns 973 shares of the company’s stock worth $66,000 after buying an additional 626 shares in the last quarter.
iShares MSCI USA Quality GARP ETF Price Performance
Shares of iShares MSCI USA Quality GARP ETF stock opened at $79.03 on Monday. The stock has a market capitalization of $663.85 million, a P/E ratio of 29.61 and a beta of 1.14. The business has a 50 day simple moving average of $79.88 and a two-hundred day simple moving average of $72.65. iShares MSCI USA Quality GARP ETF has a 12 month low of $60.01 and a 12 month high of $83.40.
About iShares MSCI USA Quality GARP ETF
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.
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