Wealth Enhancement Trust Services Inc. Sells 9,254 Shares of iShares MSCI USA Quality GARP ETF $GARP

Wealth Enhancement Trust Services Inc. cut its stake in shares of iShares MSCI USA Quality GARP ETF (BATS:GARP) by 30.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 21,342 shares of the company’s stock after selling 9,254 shares during the quarter. Wealth Enhancement Trust Services Inc. owned about 0.25% of iShares MSCI USA Quality GARP ETF worth $1,820,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. First Community Trust NA purchased a new position in iShares MSCI USA Quality GARP ETF in the third quarter valued at about $36,135,000. Park National Corp OH acquired a new stake in iShares MSCI USA Quality GARP ETF in the third quarter valued at $23,468,000. Envestnet Asset Management Inc. increased its position in shares of iShares MSCI USA Quality GARP ETF by 8.6% in the second quarter. Envestnet Asset Management Inc. now owns 545,252 shares of the company’s stock valued at $45,011,000 after buying an additional 43,119 shares in the last quarter. Capital Analysts LLC increased its position in shares of iShares MSCI USA Quality GARP ETF by 1.3% in the second quarter. Capital Analysts LLC now owns 335,370 shares of the company’s stock valued at $27,685,000 after buying an additional 4,353 shares in the last quarter. Finally, Integrated Wealth Concepts LLC raised its stake in shares of iShares MSCI USA Quality GARP ETF by 18.1% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 6,829 shares of the company’s stock worth $564,000 after buying an additional 1,045 shares during the last quarter.

iShares MSCI USA Quality GARP ETF Stock Performance

BATS GARP traded down $0.52 during trading hours on Wednesday, reaching $87.06. The company’s stock had a trading volume of 531,289 shares, compared to its average volume of 303,470. The stock has a market cap of $731.30 million, a PE ratio of 29.61 and a beta of 1.14. iShares MSCI USA Quality GARP ETF has a fifty-two week low of $61.25 and a fifty-two week high of $88.15. The company’s 50-day moving average is $83.50 and its two-hundred day moving average is $78.47.

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.