Commonwealth Equity Services LLC Makes New Investment in iShares MSCI USA Quality GARP ETF (NYSEARCA:GARP)

Commonwealth Equity Services LLC bought a new position in shares of iShares MSCI USA Quality GARP ETF (NYSEARCA:GARP) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 125,229 shares of the company’s stock, valued at approximately $7,044,000.

Several other institutional investors have also modified their holdings of GARP. Valley National Advisers Inc. purchased a new stake in shares of iShares MSCI USA Quality GARP ETF during the 4th quarter worth approximately $9,188,000. HighTower Advisors LLC purchased a new stake in shares of iShares MSCI USA Quality GARP ETF during the 4th quarter worth approximately $8,463,000. Synergy Asset Management LLC purchased a new stake in iShares MSCI USA Quality GARP ETF in the 4th quarter valued at approximately $5,619,000. WJ Wealth Management LLC purchased a new stake in iShares MSCI USA Quality GARP ETF in the 4th quarter valued at approximately $5,125,000. Finally, D Orazio & Associates Inc. purchased a new stake in iShares MSCI USA Quality GARP ETF in the 4th quarter valued at approximately $1,736,000.

iShares MSCI USA Quality GARP ETF Stock Performance

GARP stock opened at $52.44 on Friday. iShares MSCI USA Quality GARP ETF has a 1 year low of $44.23 and a 1 year high of $59.47. The stock’s 50 day moving average price is $56.38 and its 200 day moving average price is $55.23. The firm has a market cap of $309.40 million, a P/E ratio of 31.00 and a beta of 1.10.

iShares MSCI USA Quality GARP ETF Announces Dividend

The business also recently announced a dividend, which was paid on Friday, January 3rd. Investors of record on Monday, December 30th were paid a $0.0027 dividend. The ex-dividend date of this dividend was Monday, December 30th.

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.