CGN Advisors LLC Acquires 30,525 Shares of iShares MSCI USA Quality GARP ETF $GARP

CGN Advisors LLC boosted its holdings in iShares MSCI USA Quality GARP ETF (BATS:GARP) by 27.4% in the second quarter, Holdings Channel.com reports. The institutional investor owned 141,881 shares of the company’s stock after acquiring an additional 30,525 shares during the period. iShares MSCI USA Quality GARP ETF makes up 0.9% of CGN Advisors LLC’s portfolio, making the stock its 27th largest holding. CGN Advisors LLC’s holdings in iShares MSCI USA Quality GARP ETF were worth $11,712,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Allworth Financial LP bought a new position in iShares MSCI USA Quality GARP ETF during the 4th quarter valued at about $33,000. Sankala Group LLC bought a new stake in shares of iShares MSCI USA Quality GARP ETF in the fourth quarter worth approximately $38,000. Assetmark Inc. purchased a new position in shares of iShares MSCI USA Quality GARP ETF during the fourth quarter valued at approximately $42,000. New England Capital Financial Advisors LLC purchased a new position in shares of iShares MSCI USA Quality GARP ETF during the first quarter valued at approximately $65,000. Finally, Bank of Montreal Can raised its holdings in shares of iShares MSCI USA Quality GARP ETF by 180.4% during the fourth quarter. Bank of Montreal Can now owns 973 shares of the company’s stock valued at $66,000 after purchasing an additional 626 shares during the last quarter.

iShares MSCI USA Quality GARP ETF Stock Up 3.0%

Shares of iShares MSCI USA Quality GARP ETF stock opened at $83.21 on Wednesday. iShares MSCI USA Quality GARP ETF has a twelve month low of $60.33 and a twelve month high of $83.51. The company’s 50 day moving average is $80.33 and its 200 day moving average is $73.50. The company has a market cap of $698.96 million, a price-to-earnings ratio of 29.61 and a beta of 1.14.

About iShares MSCI USA Quality GARP ETF

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.