Raymond James Financial Inc. Buys Shares of 15,894 iShares MSCI USA Quality GARP ETF (NYSEARCA:GARP)

Raymond James Financial Inc. purchased a new position in iShares MSCI USA Quality GARP ETF (NYSEARCA:GARP) in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 15,894 shares of the company’s stock, valued at approximately $894,000.

A number of other institutional investors also recently made changes to their positions in GARP. Global Retirement Partners LLC acquired a new position in iShares MSCI USA Quality GARP ETF during the fourth quarter worth about $34,000. Atticus Wealth Management LLC acquired a new position in shares of iShares MSCI USA Quality GARP ETF in the 4th quarter worth approximately $36,000. Golden State Wealth Management LLC bought a new stake in shares of iShares MSCI USA Quality GARP ETF in the 4th quarter worth approximately $152,000. LongView Wealth Management acquired a new stake in iShares MSCI USA Quality GARP ETF during the fourth quarter valued at approximately $264,000. Finally, Nations Financial Group Inc. IA ADV bought a new stake in iShares MSCI USA Quality GARP ETF during the fourth quarter worth approximately $281,000.

iShares MSCI USA Quality GARP ETF Stock Performance

iShares MSCI USA Quality GARP ETF stock opened at $45.47 on Friday. The firm has a market cap of $277.37 million, a price-to-earnings ratio of 29.06 and a beta of 1.10. iShares MSCI USA Quality GARP ETF has a 1 year low of $44.23 and a 1 year high of $59.47. The firm’s 50 day moving average price is $55.02 and its two-hundred day moving average price is $55.29.

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.