iShares MSCI USA Quality GARP ETF (BATS:GARP) Reaches New 52-Week High – Here’s What Happened

iShares MSCI USA Quality GARP ETF (BATS:GARP) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $83.44 and last traded at $83.44, with a volume of 449116 shares trading hands. The stock had previously closed at $80.79.

iShares MSCI USA Quality GARP ETF Stock Performance

The firm has a fifty day simple moving average of $80.26 and a 200 day simple moving average of $73.40. The company has a market capitalization of $698.96 million, a PE ratio of 29.61 and a beta of 1.14.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Allworth Financial LP purchased a new position in iShares MSCI USA Quality GARP ETF during the fourth quarter valued at approximately $33,000. Sankala Group LLC bought a new position in shares of iShares MSCI USA Quality GARP ETF in the 4th quarter worth $38,000. Assetmark Inc. purchased a new stake in shares of iShares MSCI USA Quality GARP ETF during the fourth quarter valued at about $42,000. New England Capital Financial Advisors LLC purchased a new position in shares of iShares MSCI USA Quality GARP ETF in the 1st quarter worth approximately $65,000. Finally, Bank of Montreal Can boosted its stake in iShares MSCI USA Quality GARP ETF by 180.4% in the fourth quarter. Bank of Montreal Can now owns 973 shares of the company’s stock valued at $66,000 after acquiring an additional 626 shares in the last quarter.

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.