abrdn Physical Platinum Shares ETF (NYSEARCA:PPLT) Trading 1.1% Higher – Here’s Why

by · The Markets Daily

abrdn Physical Platinum Shares ETF (NYSEARCA:PPLT – Get Free Report)’s stock price traded up 1.1% on Wednesday . The stock traded as high as $14.58 and last traded at $14.29. Approximately 2,880,879 shares changed hands during trading, a decline of 50% from the average daily volume of 5,725,593 shares. The stock had previously closed at $14.13.

abrdn Physical Platinum Shares ETF Price Performance

The company has a 50 day moving average of $16.87 and a 200-day moving average of $18.57.

Institutional Investors Weigh In On abrdn Physical Platinum Shares ETF

A number of institutional investors have recently modified their holdings of PPLT. Goldman Sachs Group Inc. grew its position in abrdn Physical Platinum Shares ETF by 5,730.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 346,804 shares of the company’s stock worth $64,655,000 after buying an additional 340,856 shares in the last quarter. Corient Private Wealth LLC raised its holdings in abrdn Physical Platinum Shares ETF by 12,472.1% in the 4th quarter. Corient Private Wealth LLC now owns 187,073 shares of the company’s stock valued at $34,876,000 after acquiring an additional 185,585 shares in the last quarter. BNP Paribas Financial Markets lifted its position in shares of abrdn Physical Platinum Shares ETF by 135.3% during the 4th quarter. BNP Paribas Financial Markets now owns 174,974 shares of the company’s stock valued at $32,620,000 after acquiring an additional 100,602 shares during the period. Morgan Stanley lifted its position in shares of abrdn Physical Platinum Shares ETF by 29.3% during the 4th quarter. Morgan Stanley now owns 326,667 shares of the company’s stock valued at $60,901,000 after acquiring an additional 74,090 shares during the period. Finally, Confluence Investment Management LLC lifted its position in shares of abrdn Physical Platinum Shares ETF by 1,284.3% during the 2nd quarter. Confluence Investment Management LLC now owns 75,305 shares of the company’s stock valued at $1,064,000 after acquiring an additional 69,865 shares during the period. Institutional investors own 20.03% of the company’s stock.

abrdn Physical Platinum Shares ETF Company Profile

(Get Free Report)

The abrdn Physical Platinum Shares ETF (PPLT) is an exchange-traded fund that is based on the Platinum London PM Fix index. The fund tracks the platinum spot price, less trust expenses, using platinum bullion. PPLT was launched on Jan 8, 2010 and is managed by Abrdn.

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