160,983 Shares in iShares MSCI USA Quality GARP ETF $GARP Purchased by Valley National Advisers Inc.

Valley National Advisers Inc. acquired a new stake in iShares MSCI USA Quality GARP ETF (BATS:GARP) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 160,983 shares of the company’s stock, valued at approximately $13,725,000. iShares MSCI USA Quality GARP ETF comprises about 1.5% of Valley National Advisers Inc.’s investment portfolio, making the stock its 14th largest holding. Valley National Advisers Inc. owned about 1.92% of iShares MSCI USA Quality GARP ETF at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in GARP. Ancora Advisors LLC bought a new stake in shares of iShares MSCI USA Quality GARP ETF during the second quarter worth $33,000. Root Financial Partners LLC bought a new position in shares of iShares MSCI USA Quality GARP ETF in the 3rd quarter valued at $47,000. New England Capital Financial Advisors LLC bought a new position in shares of iShares MSCI USA Quality GARP ETF in the 1st quarter valued at $65,000. Fifth Third Bancorp lifted its stake in shares of iShares MSCI USA Quality GARP ETF by 2,553.8% in 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 during the last quarter. Finally, Comprehensive Financial Planning Inc. PA boosted its holdings in shares of iShares MSCI USA Quality GARP ETF by 43.1% during the 2nd quarter. Comprehensive Financial Planning Inc. PA now owns 2,601 shares of the company’s stock valued at $215,000 after acquiring an additional 784 shares in the last quarter.

iShares MSCI USA Quality GARP ETF Stock Down 0.5%

BATS GARP opened at $79.05 on Friday. The company has a market cap of $664.02 million, a price-to-earnings ratio of 29.61 and a beta of 1.14. iShares MSCI USA Quality GARP ETF has a twelve month low of $61.25 and a twelve month high of $88.15. The business’s fifty day moving average is $83.79 and its 200 day moving average is $80.09.

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.