Valley National Advisers Inc. Increases Stake in iShares MSCI USA Quality GARP ETF $GARP

Valley National Advisers Inc. grew its holdings in iShares MSCI USA Quality GARP ETF (NYSEARCA:GARP) by 4.5% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 218,639 shares of the company’s stock after buying an additional 9,391 shares during the quarter. iShares MSCI USA Quality GARP ETF comprises approximately 2.2% of Valley National Advisers Inc.’s portfolio, making the stock its 9th largest holding. Valley National Advisers Inc.’s holdings in iShares MSCI USA Quality GARP ETF were worth $14,351,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. D Orazio & Associates Inc. grew its stake in shares of iShares MSCI USA Quality GARP ETF by 146.3% during the second quarter. D Orazio & Associates Inc. now owns 122,431 shares of the company’s stock valued at $7,392,000 after purchasing an additional 72,721 shares during the last quarter. Envestnet Asset Management Inc. raised its position in iShares MSCI USA Quality GARP ETF by 17.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 53,576 shares of the company’s stock worth $3,235,000 after purchasing an additional 8,153 shares during the last quarter. Thoroughbred Financial Services LLC acquired a new position in iShares MSCI USA Quality GARP ETF during the 2nd quarter worth $1,385,000. Wealth Enhancement Advisory Services LLC bought a new position in iShares MSCI USA Quality GARP ETF in the 2nd quarter valued at $235,000. Finally, Goldman Sachs Group Inc. bought a new position in iShares MSCI USA Quality GARP ETF in the 1st quarter valued at $803,000.

iShares MSCI USA Quality GARP ETF Stock Down 0.0%

GARP stock opened at $69.25 on Friday. iShares MSCI USA Quality GARP ETF has a twelve month low of $43.02 and a twelve month high of $69.67. The company has a market cap of $1.20 billion, a P/E ratio of 30.61 and a beta of 1.14. The business has a fifty day moving average of $67.58 and a 200-day moving average of $64.20.

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.