Northwestern Mutual Wealth Management Co. raised its stake in shares of iShares MSCI USA Quality GARP ETF (BATS:GARP – Free Report) by 139.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 168,198 shares of the company’s stock after acquiring an additional 98,077 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in iShares MSCI USA Quality GARP ETF were worth $11,454,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Allworth Financial LP bought a new position in iShares MSCI USA Quality GARP ETF during the fourth quarter valued at about $33,000. Assetmark Inc. bought a new position in iShares MSCI USA Quality GARP ETF during the fourth quarter valued at about $42,000. High Note Wealth LLC acquired a new stake in shares of iShares MSCI USA Quality GARP ETF in the fourth quarter valued at about $77,000. NewEdge Advisors LLC grew its position in shares of iShares MSCI USA Quality GARP ETF by 46.9% in the first quarter. NewEdge Advisors LLC now owns 1,782 shares of the company’s stock valued at $91,000 after purchasing an additional 569 shares during the last quarter. Finally, Advisory Services Network LLC acquired a new stake in shares of iShares MSCI USA Quality GARP ETF in the third quarter valued at about $139,000.
iShares MSCI USA Quality GARP ETF Stock Performance
Shares of BATS:GARP opened at $83.16 on Tuesday. The company has a market cap of $698.54 million, a P/E ratio of 29.61 and a beta of 1.14. The stock’s 50-day moving average is $72.21 and its 200-day moving average is $69.49. iShares MSCI USA Quality GARP ETF has a 52-week low of $56.36 and a 52-week high of $83.40.
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.
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