784,592 Shares in iShares MSCI USA Quality GARP ETF $GARP Acquired by Resonant Capital Advisors LLC

Resonant Capital Advisors LLC bought a new position in shares of iShares MSCI USA Quality GARP ETF (BATS:GARP) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 784,592 shares of the company’s stock, valued at approximately $50,190,000. iShares MSCI USA Quality GARP ETF comprises about 2.6% of Resonant Capital Advisors LLC’s portfolio, making the stock its 8th biggest holding. Resonant Capital Advisors LLC owned about 0.09% of iShares MSCI USA Quality GARP ETF at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GARP. NewEdge Advisors LLC lifted its stake in shares of iShares MSCI USA Quality GARP ETF by 9.2% in the 2nd quarter. NewEdge Advisors LLC now owns 1,946 shares of the company’s stock valued at $118,000 after purchasing an additional 164 shares during the last quarter. Kane Investment Management Inc. grew its holdings in shares of iShares MSCI USA Quality GARP ETF by 3.3% during the 4th quarter. Kane Investment Management Inc. now owns 6,267 shares of the company’s stock worth $427,000 after purchasing an additional 201 shares during the period. Stonebridge Wealth Management LLC increased its position in shares of iShares MSCI USA Quality GARP ETF by 0.7% during the 1st quarter. Stonebridge Wealth Management LLC now owns 30,107 shares of the company’s stock worth $1,926,000 after purchasing an additional 218 shares during the last quarter. Spire Wealth Management increased its position in shares of iShares MSCI USA Quality GARP ETF by 2.2% during the 4th quarter. Spire Wealth Management now owns 11,816 shares of the company’s stock worth $805,000 after purchasing an additional 253 shares during the last quarter. Finally, Global Retirement Partners LLC raised its holdings in iShares MSCI USA Quality GARP ETF by 13.9% in the 4th quarter. Global Retirement Partners LLC now owns 3,163 shares of the company’s stock valued at $215,000 after buying an additional 387 shares during the period.

iShares MSCI USA Quality GARP ETF Trading Down 1.7%

BATS GARP traded down $1.40 during trading hours on Tuesday, reaching $79.85. The company had a trading volume of 75,491 shares, compared to its average volume of 258,740. The stock has a 50-day moving average of $78.74 and a 200 day moving average of $71.87. iShares MSCI USA Quality GARP ETF has a 1-year low of $60.01 and a 1-year high of $83.40. The stock has a market capitalization of $670.74 million, a P/E ratio of 29.61 and a beta of 1.14.

iShares MSCI USA Quality GARP ETF 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.