WJ Wealth Management LLC Reduces Position in iShares MSCI USA Quality GARP ETF $GARP

WJ Wealth Management LLC decreased its holdings in shares of iShares MSCI USA Quality GARP ETF (BATS:GARP) by 41.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 56,919 shares of the company’s stock after selling 39,763 shares during the period. iShares MSCI USA Quality GARP ETF comprises approximately 1.7% of WJ Wealth Management LLC’s holdings, making the stock its 19th largest position. WJ Wealth Management LLC owned about 0.33% of iShares MSCI USA Quality GARP ETF worth $3,919,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Root Financial Partners LLC purchased a new position in iShares MSCI USA Quality GARP ETF during the third quarter valued at $40,000. NewEdge Advisors LLC increased its position in iShares MSCI USA Quality GARP ETF by 46.9% in the first quarter. NewEdge Advisors LLC now owns 1,782 shares of the company’s stock worth $91,000 after buying an additional 569 shares in the last quarter. Advisory Services Network LLC purchased a new stake in iShares MSCI USA Quality GARP ETF in the third quarter worth about $139,000. JPMorgan Chase & Co. bought a new position in shares of iShares MSCI USA Quality GARP ETF in the third quarter worth about $140,000. Finally, Steward Partners Investment Advisory LLC raised its stake in shares of iShares MSCI USA Quality GARP ETF by 232.3% in the second quarter. Steward Partners Investment Advisory LLC now owns 2,991 shares of the company’s stock worth $181,000 after buying an additional 2,091 shares during the period.

iShares MSCI USA Quality GARP ETF Stock Up 0.5%

GARP stock opened at $67.03 on Wednesday. The business’s 50-day moving average price is $68.46 and its 200-day moving average price is $67.27. The stock has a market cap of $563.05 million, a P/E ratio of 29.61 and a beta of 1.14. iShares MSCI USA Quality GARP ETF has a twelve month low of $43.02 and a twelve month high of $71.50.

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.