Saxony Capital Management LLC Purchases 11,384 Shares of iShares MSCI USA Quality GARP ETF $GARP

Saxony Capital Management LLC purchased a new position in iShares MSCI USA Quality GARP ETF (BATS:GARP) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 11,384 shares of the company’s stock, valued at approximately $971,000. Saxony Capital Management LLC owned about 0.14% of iShares MSCI USA Quality GARP ETF at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Ancora Advisors LLC acquired a new stake in iShares MSCI USA Quality GARP ETF during the second quarter valued at $33,000. Sankala Group LLC acquired a new position in iShares MSCI USA Quality GARP ETF in the 4th quarter worth about $38,000. New England Capital Financial Advisors LLC acquired a new position in iShares MSCI USA Quality GARP ETF in the 1st quarter worth about $65,000. Fifth Third Bancorp increased its position in iShares MSCI USA Quality GARP ETF by 2,553.8% in the 1st quarter. Fifth Third Bancorp now owns 2,070 shares of the company’s stock worth $132,000 after purchasing an additional 1,992 shares during the last quarter. Finally, NewEdge Advisors LLC raised its stake in shares of iShares MSCI USA Quality GARP ETF by 7.1% during the 1st quarter. NewEdge Advisors LLC now owns 2,619 shares of the company’s stock worth $168,000 after purchasing an additional 173 shares in the last quarter.

iShares MSCI USA Quality GARP ETF Price Performance

GARP opened at $83.38 on Friday. iShares MSCI USA Quality GARP ETF has a fifty-two week low of $61.25 and a fifty-two week high of $88.15. The business has a 50-day moving average of $84.17 and a 200-day moving average of $79.49. The company has a market capitalization of $700.39 million, a PE ratio of 29.61 and a beta of 1.14.

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.