Commonwealth Equity Services LLC Purchases 850,752 Shares of iShares MSCI USA Quality GARP ETF $GARP

Commonwealth Equity Services LLC purchased a new stake in shares of iShares MSCI USA Quality GARP ETF (BATS:GARP) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 850,752 shares of the company’s stock, valued at approximately $72,535,000. Commonwealth Equity Services LLC owned 10.13% of iShares MSCI USA Quality GARP ETF at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of GARP. Kestra Private Wealth Services LLC bought a new position in iShares MSCI USA Quality GARP ETF during the third quarter valued at $4,977,000. Bauman Advisory Group LLC lifted its holdings in iShares MSCI USA Quality GARP ETF by 6.4% during the third quarter. Bauman Advisory Group LLC now owns 148,589 shares of the company’s stock worth $12,669,000 after buying an additional 8,875 shares during the period. Landaas & Co. WI ADV purchased a new position in iShares MSCI USA Quality GARP ETF in the third quarter valued at about $48,345,000. Certified Advisory Corp boosted its stake in iShares MSCI USA Quality GARP ETF by 18.9% in the third quarter. Certified Advisory Corp now owns 179,958 shares of the company’s stock valued at $15,343,000 after acquiring an additional 28,555 shares in the last quarter. Finally, Optima Capital LLC increased its holdings in shares of iShares MSCI USA Quality GARP ETF by 44.5% during the third quarter. Optima Capital LLC now owns 105,786 shares of the company’s stock valued at $9,019,000 after acquiring an additional 32,559 shares in the last quarter.

iShares MSCI USA Quality GARP ETF Stock Up 1.6%

Shares of iShares MSCI USA Quality GARP ETF stock traded up $1.18 on Friday, reaching $73.75. 652,124 shares of the stock were exchanged, compared to its average volume of 325,334. The business has a 50 day moving average price of $82.70 and a two-hundred day moving average price of $76.71. iShares MSCI USA Quality GARP ETF has a twelve month low of $61.25 and a twelve month high of $88.15. The firm has a market capitalization of $619.50 million, a price-to-earnings ratio of 29.61 and a beta of 1.14.

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.