Sonoma Allocations LLC Raises Stock Holdings in iShares MSCI USA Quality GARP ETF $GARP

Sonoma Allocations LLC boosted its position in iShares MSCI USA Quality GARP ETF (BATS:GARP) by 40.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,981 shares of the company’s stock after purchasing an additional 6,632 shares during the quarter. Sonoma Allocations LLC’s holdings in iShares MSCI USA Quality GARP ETF were worth $1,498,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Geneos Wealth Management Inc. purchased a new stake in shares of iShares MSCI USA Quality GARP ETF in the 1st quarter worth about $1,466,000. Uptick Partners LLC purchased a new stake in shares of iShares MSCI USA Quality GARP ETF in the fourth quarter valued at about $1,716,000. Optima Capital LLC purchased a new stake in shares of iShares MSCI USA Quality GARP ETF in the fourth quarter valued at about $4,013,000. Certified Advisory Corp grew its position in shares of iShares MSCI USA Quality GARP ETF by 273.3% in the first quarter. Certified Advisory Corp now owns 133,439 shares of the company’s stock valued at $8,536,000 after purchasing an additional 97,694 shares during the last quarter. Finally, Gilbert Capital Group Inc. acquired a new stake in shares of iShares MSCI USA Quality GARP ETF in the fourth quarter valued at approximately $2,769,000.

iShares MSCI USA Quality GARP ETF Price Performance

Shares of GARP opened at $78.98 on Friday. iShares MSCI USA Quality GARP ETF has a 1-year low of $60.01 and a 1-year high of $83.40. The stock has a market cap of $663.43 million, a price-to-earnings ratio of 29.61 and a beta of 1.14. The firm has a 50 day simple moving average of $80.19 and a 200-day simple moving average of $73.26.

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.