Golden State Wealth Management LLC Increases Stock Holdings in iShares MSCI USA Quality GARP ETF (NYSEARCA:GARP)

Golden State Wealth Management LLC increased its holdings in shares of iShares MSCI USA Quality GARP ETF (NYSEARCA:GARP) by 538.8% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 17,312 shares of the company’s stock after purchasing an additional 14,602 shares during the quarter. Golden State Wealth Management LLC’s holdings in iShares MSCI USA Quality GARP ETF were worth $883,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Global Retirement Partners LLC acquired a new position in shares of iShares MSCI USA Quality GARP ETF during the 4th quarter valued at about $34,000. NewEdge Advisors LLC purchased a new stake in iShares MSCI USA Quality GARP ETF in the fourth quarter valued at approximately $68,000. LaSalle St. Investment Advisors LLC acquired a new position in iShares MSCI USA Quality GARP ETF during the fourth quarter worth approximately $221,000. Jane Street Group LLC purchased a new position in iShares MSCI USA Quality GARP ETF during the fourth quarter worth approximately $325,000. Finally, Spire Wealth Management boosted its holdings in shares of iShares MSCI USA Quality GARP ETF by 5.9% in the 1st quarter. Spire Wealth Management now owns 9,111 shares of the company’s stock valued at $465,000 after purchasing an additional 509 shares during the last quarter.

iShares MSCI USA Quality GARP ETF Stock Up 0.2%

Shares of NYSEARCA GARP opened at $59.26 on Thursday. The stock has a market capitalization of $491.86 million, a PE ratio of 30.73 and a beta of 1.14. The firm has a fifty day moving average of $55.44 and a 200-day moving average of $55.26. iShares MSCI USA Quality GARP ETF has a 52-week low of $43.02 and a 52-week high of $59.50.

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.