HighTower Advisors LLC Reduces Stake in iShares Top 20 U.S. Stocks ETF $TOPT

HighTower Advisors LLC cut its position in shares of iShares Top 20 U.S. Stocks ETF (NYSEARCA:TOPT) by 54.9% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 152,371 shares of the company’s stock after selling 185,749 shares during the quarter. HighTower Advisors LLC owned 1.13% of iShares Top 20 U.S. Stocks ETF worth $4,641,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of TOPT. Touchstone Capital Inc. acquired a new position in shares of iShares Top 20 U.S. Stocks ETF during the 3rd quarter worth $10,879,000. Envestnet Asset Management Inc. acquired a new stake in iShares Top 20 U.S. Stocks ETF in the 3rd quarter valued at about $7,742,000. Royal Bank of Canada increased its holdings 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 valued at $2,430,000 after acquiring an additional 83,500 shares in the last quarter. Tower Research Capital LLC TRC raised its position in iShares Top 20 U.S. Stocks ETF by 876.1% during the second quarter. Tower Research Capital LLC TRC now owns 79,510 shares of the company’s stock worth $2,170,000 after acquiring an additional 71,364 shares during the last quarter. Finally, Founders Financial Securities LLC purchased a new stake in shares of iShares Top 20 U.S. Stocks ETF in the third quarter valued at about $1,817,000.

iShares Top 20 U.S. Stocks ETF Price Performance

TOPT stock opened at $30.17 on Wednesday. The company’s 50 day simple moving average is $30.78 and its 200-day simple moving average is $30.49. iShares Top 20 U.S. Stocks ETF has a 12 month low of $20.39 and a 12 month high of $31.97. The firm has a market capitalization of $476.69 million, a PE 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.