iShares MSCI USA Quality GARP ETF (BATS:GARP) Reaches New 12-Month High – Here’s What Happened

iShares MSCI USA Quality GARP ETF (BATS:GARP)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $85.62 and last traded at $85.59, with a volume of 335363 shares. The stock had previously closed at $83.06.

iShares MSCI USA Quality GARP ETF Trading Up 2.8%

The stock has a market cap of $717.02 million, a P/E ratio of 29.61 and a beta of 1.14. The stock has a 50 day simple moving average of $82.00 and a 200 day simple moving average of $76.88.

Hedge Funds Weigh In On iShares MSCI USA Quality GARP ETF

Several hedge funds have recently bought and sold shares of GARP. Resonant Capital Advisors LLC bought a new stake in shares of iShares MSCI USA Quality GARP ETF during the 1st quarter worth $50,190,000. Independent Financial Group LLC acquired a new stake in shares of iShares MSCI USA Quality GARP ETF in the 1st quarter valued at approximately $20,542,000. Great Valley Advisor Group Inc. grew its holdings in shares of iShares MSCI USA Quality GARP ETF by 1,027.6% during the 4th quarter. Great Valley Advisor Group Inc. now owns 329,905 shares of the company’s stock valued at $22,467,000 after purchasing an additional 300,649 shares during the last quarter. Insight Wealth Strategies LLC bought a new stake in shares of iShares MSCI USA Quality GARP ETF during the 2nd quarter valued at approximately $20,911,000. Finally, Cornerstone Advisors Asset Management LLC acquired a new position in iShares MSCI USA Quality GARP ETF during the 1st quarter worth approximately $14,357,000.

iShares MSCI USA Quality GARP ETF Company 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.