Envestnet Asset Management Inc. Takes $7.74 Million Position in iShares Top 20 U.S. Stocks ETF $TOPT

Envestnet Asset Management Inc. purchased a new stake in iShares Top 20 U.S. Stocks ETF (NYSEARCA:TOPT) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 254,179 shares of the company’s stock, valued at approximately $7,742,000.

A number of other large investors have also recently bought and sold shares of TOPT. Royal Bank of Canada increased its stake 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 valued at $2,430,000 after purchasing an additional 83,500 shares during the period. Jane Street Group LLC grew its holdings in shares of iShares Top 20 U.S. Stocks ETF by 21.9% during the first quarter. Jane Street Group LLC now owns 15,722 shares of the company’s stock worth $374,000 after buying an additional 2,820 shares during the last quarter. Focus Partners Advisor Solutions LLC purchased a new position in shares of iShares Top 20 U.S. Stocks ETF during the second quarter worth about $204,000. Strategic Financial Concepts LLC increased its position in iShares Top 20 U.S. Stocks ETF by 16.3% in the 2nd quarter. Strategic Financial Concepts LLC now owns 12,750 shares of the company’s stock valued at $332,000 after acquiring an additional 1,790 shares during the period. Finally, Prospera Financial Services Inc raised its stake in iShares Top 20 U.S. Stocks ETF by 70.1% during the 2nd quarter. Prospera Financial Services Inc now owns 20,471 shares of the company’s stock valued at $559,000 after acquiring an additional 8,436 shares during the last quarter.

iShares Top 20 U.S. Stocks ETF Trading Up 0.7%

iShares Top 20 U.S. Stocks ETF stock opened at $30.20 on Friday. iShares Top 20 U.S. Stocks ETF has a twelve month low of $20.39 and a twelve month high of $31.97. The stock has a 50 day moving average of $30.81 and a two-hundred day moving average of $30.44. The stock has a market capitalization of $477.16 million, a price-to-earnings ratio of 32.42 and a beta of 1.17.

About iShares Top 20 U.S. Stocks ETF

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.