Wavvest Wealth LLC Purchases 26,840 Shares of iShares MSCI USA Quality GARP ETF $GARP

Wavvest Wealth LLC purchased a new stake in shares of iShares MSCI USA Quality GARP ETF (BATS:GARP) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 26,840 shares of the company’s stock, valued at approximately $2,288,000. iShares MSCI USA Quality GARP ETF makes up 1.8% of Wavvest Wealth LLC’s investment portfolio, making the stock its 15th biggest position. Wavvest Wealth LLC owned 0.32% of iShares MSCI USA Quality GARP ETF as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of GARP. Resonant Capital Advisors LLC acquired a new position in iShares MSCI USA Quality GARP ETF during the first quarter worth $50,190,000. Envestnet Asset Management Inc. lifted its stake in shares of iShares MSCI USA Quality GARP ETF by 8.6% in the second quarter. Envestnet Asset Management Inc. now owns 545,252 shares of the company’s stock valued at $45,011,000 after buying an additional 43,119 shares in the last quarter. Cetera Investment Advisers lifted its stake in shares of iShares MSCI USA Quality GARP ETF by 25.3% in the first quarter. Cetera Investment Advisers now owns 612,564 shares of the company’s stock valued at $39,186,000 after buying an additional 123,760 shares in the last quarter. First Community Trust NA bought a new position in shares of iShares MSCI USA Quality GARP ETF in the third quarter valued at $36,135,000. Finally, Bank of America Corp DE grew its holdings in shares of iShares MSCI USA Quality GARP ETF by 52.0% during the first quarter. Bank of America Corp DE now owns 546,192 shares of the company’s stock valued at $34,940,000 after buying an additional 186,930 shares during the last quarter.

iShares MSCI USA Quality GARP ETF Price Performance

Shares of BATS GARP opened at $82.22 on Thursday. The stock has a market capitalization of $690.65 million, a P/E ratio of 29.61 and a beta of 1.14. The company has a 50-day moving average price of $84.02 and a 200-day moving average price of $79.99. iShares MSCI USA Quality GARP ETF has a 1 year low of $61.25 and a 1 year high of $88.15.

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.