Independent Financial Group LLC Invests $7.73 Million in iShares Top 20 U.S. Stocks ETF $TOPT

Independent Financial Group LLC bought a new stake in iShares Top 20 U.S. Stocks ETF (NYSEARCA:TOPT) in the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 270,106 shares of the company’s stock, valued at approximately $7,730,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TOPT. Royal Bank of Canada raised its stake in iShares Top 20 U.S. Stocks ETF by 451.4% during the 1st quarter. Royal Bank of Canada now owns 102,000 shares of the company’s stock worth $2,430,000 after buying an additional 83,500 shares during the period. Jane Street Group LLC boosted its holdings in iShares Top 20 U.S. Stocks ETF by 21.9% in the first quarter. Jane Street Group LLC now owns 15,722 shares of the company’s stock worth $374,000 after acquiring an additional 2,820 shares in the last quarter. Diversify Advisory Services LLC grew its stake in iShares Top 20 U.S. Stocks ETF by 10.0% in the second quarter. Diversify Advisory Services LLC now owns 9,466 shares of the company’s stock valued at $275,000 after acquiring an additional 857 shares during the period. Tower Research Capital LLC TRC grew its stake in iShares Top 20 U.S. Stocks ETF by 876.1% in the second quarter. Tower Research Capital LLC TRC now owns 79,510 shares of the company’s stock valued at $2,170,000 after acquiring an additional 71,364 shares during the period. Finally, Osaic Holdings Inc. bought a new stake in shares of iShares Top 20 U.S. Stocks ETF during the second quarter valued at approximately $238,000.

iShares Top 20 U.S. Stocks ETF Stock Down 1.4%

NYSEARCA TOPT opened at $33.31 on Friday. iShares Top 20 U.S. Stocks ETF has a 52 week low of $27.54 and a 52 week high of $34.47. The business has a 50 day moving average price of $33.35 and a 200-day moving average price of $31.44. The company has a market cap of $668.20 million, a price-to-earnings ratio of 32.42 and a beta of 1.12.

iShares Top 20 U.S. Stocks ETF Company Profile

The iShares Top 20 U.S. Stocks ETF (TOPT) is an exchange-traded fund that is based on the S&P 500 Top 20 Select index. The fund seeks to mirror the performance of an index comprising the top 20 largest US firms by market-cap in the S&P 500. The companies are weighted by their float-adjusted market-cap TOPT was launched on Oct 23, 2024 and is issued by BlackRock.