Cedar Wealth Management LLC Buys New Stake in iShares MSCI USA Quality GARP ETF $GARP

Cedar Wealth Management LLC bought a new stake in shares of iShares MSCI USA Quality GARP ETF (NYSEARCA:GARP) during the 3rd quarter, Holdings Channel reports. The firm bought 9,805 shares of the company’s stock, valued at approximately $644,000.

Other institutional investors also recently added to or reduced their stakes in the company. NewEdge Advisors LLC grew its stake in shares of iShares MSCI USA Quality GARP ETF by 9.2% in the second quarter. NewEdge Advisors LLC now owns 1,946 shares of the company’s stock worth $118,000 after purchasing an additional 164 shares in the last quarter. Milestones Private Investment Advisors LLC raised its stake in shares of iShares MSCI USA Quality GARP ETF by 0.5% during the third quarter. Milestones Private Investment Advisors LLC now owns 62,661 shares of the company’s stock valued at $4,113,000 after purchasing an additional 306 shares in the last quarter. D.A. Davidson & CO. lifted its holdings in iShares MSCI USA Quality GARP ETF by 10.2% in the third quarter. D.A. Davidson & CO. now owns 3,950 shares of the company’s stock worth $259,000 after purchasing an additional 365 shares during the period. Golden State Wealth Management LLC lifted its holdings in iShares MSCI USA Quality GARP ETF by 5.1% in the second quarter. Golden State Wealth Management LLC now owns 9,103 shares of the company’s stock worth $550,000 after purchasing an additional 445 shares during the period. Finally, Global Retirement Partners LLC grew its position in iShares MSCI USA Quality GARP ETF by 21.5% in the 3rd quarter. Global Retirement Partners LLC now owns 2,776 shares of the company’s stock valued at $182,000 after buying an additional 491 shares in the last quarter.

iShares MSCI USA Quality GARP ETF Stock Down 1.9%

Shares of GARP opened at $66.39 on Friday. The firm has a market capitalization of $1.20 billion, a PE ratio of 30.61 and a beta of 1.14. The firm has a 50-day moving average price of $68.69 and a 200 day moving average price of $67.00. iShares MSCI USA Quality GARP ETF has a 52-week low of $43.02 and a 52-week high of $71.50.

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.