Royal Bank of Canada Acquires New Stake in iShares Top 20 U.S. Stocks ETF $TOPT

Royal Bank of Canada bought a new position in shares of iShares Top 20 U.S. Stocks ETF (NYSEARCA:TOPT) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 53,157 shares of the company’s stock, valued at approximately $1,521,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. LPL Financial LLC grew its position in shares of iShares Top 20 U.S. Stocks ETF by 34.8% in the 4th quarter. LPL Financial LLC now owns 688,738 shares of the company’s stock valued at $21,509,000 after buying an additional 177,777 shares during the last quarter. NewEdge Advisors LLC raised its position in shares of iShares Top 20 U.S. Stocks ETF by 598,100.0% during the fourth quarter. NewEdge Advisors LLC now owns 281,154 shares of the company’s stock worth $8,780,000 after acquiring an additional 281,107 shares during the last quarter. Independent Financial Group LLC acquired a new position in shares of iShares Top 20 U.S. Stocks ETF in the first quarter worth approximately $7,730,000. HighTower Advisors LLC lifted its stake in shares of iShares Top 20 U.S. Stocks ETF by 20.7% in the fourth quarter. HighTower Advisors LLC now owns 183,900 shares of the company’s stock worth $5,743,000 after acquiring an additional 31,529 shares during the period. Finally, Cetera Investment Advisers boosted its holdings in iShares Top 20 U.S. Stocks ETF by 34.7% in the first quarter. Cetera Investment Advisers now owns 127,111 shares of the company’s stock valued at $3,638,000 after acquiring an additional 32,734 shares during the last quarter.

iShares Top 20 U.S. Stocks ETF Stock Performance

NYSEARCA:TOPT opened at $33.58 on Thursday. The company has a market capitalization of $677.64 million, a PE ratio of 32.42 and a beta of 1.13. The company has a 50 day simple moving average of $33.10 and a two-hundred day simple moving average of $31.84. iShares Top 20 U.S. Stocks ETF has a fifty-two week low of $27.54 and a fifty-two 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.