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

Independent Financial Group LLC bought a new stake in shares of iShares Top 20 U.S. Stocks ETF (NYSEARCA:TOPT) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 270,106 shares of the company’s stock, valued at approximately $7,730,000. Independent Financial Group LLC owned approximately 1.49% of iShares Top 20 U.S. Stocks ETF at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Royal Bank of Canada increased its holdings in iShares Top 20 U.S. Stocks ETF by 451.4% in the first quarter. Royal Bank of Canada now owns 102,000 shares of the company’s stock worth $2,430,000 after purchasing an additional 83,500 shares in the last quarter. Jane Street Group LLC lifted its stake 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 valued at $374,000 after buying an additional 2,820 shares during the period. Diversify Advisory Services LLC boosted its holdings in shares of iShares Top 20 U.S. Stocks ETF by 10.0% during the 2nd quarter. Diversify Advisory Services LLC now owns 9,466 shares of the company’s stock worth $275,000 after buying an additional 857 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of iShares Top 20 U.S. Stocks ETF by 876.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 79,510 shares of the company’s stock worth $2,170,000 after buying an additional 71,364 shares in the last quarter. Finally, Osaic Holdings Inc. bought a new position in shares of iShares Top 20 U.S. Stocks ETF during the 2nd quarter worth approximately $238,000.

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

Shares of TOPT stock opened at $33.31 on Friday. The firm has a 50 day moving average of $33.35 and a 200-day moving average 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 has a 52 week low of $27.54 and a 52 week high of $34.47.

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.