Founders Financial Securities LLC Makes New Investment in iShares Top 20 U.S. Stocks ETF $TOPT

Founders Financial Securities LLC purchased a new stake in shares of iShares Top 20 U.S. Stocks ETF (NYSEARCA:TOPT) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 59,650 shares of the company’s stock, valued at approximately $1,817,000. Founders Financial Securities LLC owned about 0.53% of iShares Top 20 U.S. Stocks ETF as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Diversify Advisory Services LLC grew its holdings in shares of 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 worth $275,000 after acquiring an additional 857 shares during the period. Strategic Financial Concepts LLC boosted its holdings in shares of iShares Top 20 U.S. Stocks ETF by 16.3% in the second quarter. Strategic Financial Concepts LLC now owns 12,750 shares of the company’s stock worth $332,000 after buying an additional 1,790 shares during the last quarter. Private Trust Co. NA grew its position in iShares Top 20 U.S. Stocks ETF by 99.9% during the second quarter. Private Trust Co. NA now owns 4,562 shares of the company’s stock valued at $124,000 after buying an additional 2,280 shares during the period. Jane Street Group LLC increased its holdings in 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 valued at $374,000 after buying an additional 2,820 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. raised its position in iShares Top 20 U.S. Stocks ETF by 134.4% in the second quarter. Newbridge Financial Services Group Inc. now owns 5,625 shares of the company’s stock worth $154,000 after acquiring an additional 3,225 shares during the period.

iShares Top 20 U.S. Stocks ETF Price Performance

Shares of TOPT stock opened at $31.63 on Thursday. iShares Top 20 U.S. Stocks ETF has a 1 year low of $20.39 and a 1 year high of $31.97. The firm has a fifty day moving average price of $31.09 and a 200-day moving average price of $29.45. The company has a market cap of $427.01 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.