Independent Financial Group LLC Invests $20.54 Million in iShares MSCI USA Quality GARP ETF $GARP

Independent Financial Group LLC bought a new stake in iShares MSCI USA Quality GARP ETF (BATS:GARP) in the first quarter, HoldingsChannel reports. The fund bought 321,121 shares of the company’s stock, valued at approximately $20,542,000. iShares MSCI USA Quality GARP ETF accounts for 0.6% of Independent Financial Group LLC’s portfolio, making the stock its 20th largest position.

Several other institutional investors also recently added to or reduced their stakes in GARP. Integrated Wealth Concepts LLC purchased a new position in shares of iShares MSCI USA Quality GARP ETF during the first quarter worth approximately $262,000. NewEdge Advisors LLC grew its position in iShares MSCI USA Quality GARP ETF by 46.9% during the 1st quarter. NewEdge Advisors LLC now owns 1,782 shares of the company’s stock worth $91,000 after purchasing an additional 569 shares during the last quarter. Goldman Sachs Group Inc. acquired a new position in iShares MSCI USA Quality GARP ETF in the first quarter valued at $803,000. Jane Street Group LLC raised its holdings in shares of iShares MSCI USA Quality GARP ETF by 150.9% in the first quarter. Jane Street Group LLC now owns 14,499 shares of the company’s stock valued at $740,000 after buying an additional 8,721 shares during the last quarter. Finally, Raymond James Financial Inc. boosted its stake in shares of iShares MSCI USA Quality GARP ETF by 45.0% during the second quarter. Raymond James Financial Inc. now owns 88,764 shares of the company’s stock worth $5,360,000 after buying an additional 27,562 shares during the period.

iShares MSCI USA Quality GARP ETF Stock Down 1.4%

BATS GARP opened at $80.04 on Friday. The firm has a market cap of $672.34 million, a P/E ratio of 29.61 and a beta of 1.14. iShares MSCI USA Quality GARP ETF has a 52-week low of $60.01 and a 52-week high of $83.40. The business’s 50-day moving average price is $79.84 and its 200 day moving average price is $72.58.

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.