Oppenheimer & Co. Inc. purchased a new stake in iShares Top 20 U.S. Stocks ETF (NYSEARCA:TOPT – Free Report) in the third quarter, HoldingsChannel.com reports. The institutional investor purchased 61,261 shares of the company’s stock, valued at approximately $2,138,000.
Other institutional investors have also recently made changes to their positions in the company. Atomic Invest LLC raised its stake in shares of iShares Top 20 U.S. Stocks ETF by 9,835.3% during the 2nd quarter. Atomic Invest LLC now owns 185,392 shares of the company’s stock worth $6,026,000 after purchasing an additional 183,526 shares in the last quarter. Independent Financial Group LLC acquired a new stake in shares of iShares Top 20 U.S. Stocks ETF in the 1st quarter valued at approximately $7,730,000. Optivise Advisory Services LLC bought a new position in shares of iShares Top 20 U.S. Stocks ETF in the third quarter valued at $640,000. Midwest Financial Network LLC bought a new position in shares of iShares Top 20 U.S. Stocks ETF in the second quarter valued at $970,000. Finally, Envestnet Asset Management Inc. grew its stake in shares of iShares Top 20 U.S. Stocks ETF by 16.4% in the second quarter. Envestnet Asset Management Inc. now owns 788,413 shares of the company’s stock valued at $25,955,000 after buying an additional 111,315 shares in the last quarter.
iShares Top 20 U.S. Stocks ETF Trading Down 2.3%
Shares of TOPT opened at $34.03 on Friday. The company has a market cap of $729.60 million, a price-to-earnings ratio of 32.42 and a beta of 1.10. iShares Top 20 U.S. Stocks ETF has a 1-year low of $27.54 and a 1-year high of $35.85. The company’s fifty day simple moving average is $34.54 and its 200 day simple moving average is $32.46.
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.
Further Reading
- Five stocks we like better than iShares Top 20 U.S. Stocks ETF
- Starbucks Says Its Turnaround Is Done—The Numbers Make a Strong Case (With 1 Catch)
- 3 Robotics ETFs, 3 Different Ways to Bet on Humanoid Robots
- Can Microsoft Turn a Leaner Workforce and Record AI Spending Into Bigger Profits?
- Why JFrog Could Be the Software Infrastructure Company to Beat in the AI Boom
Want to see what other hedge funds are holding TOPT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Top 20 U.S. Stocks ETF (NYSEARCA:TOPT – Free Report).
Receive News & Ratings for iShares Top 20 U.S. Stocks ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Top 20 U.S. Stocks ETF and related companies with MarketBeat.com's FREE daily email newsletter.
