Cypress Capital Management LLC WY Lowers Stock Holdings in abrdn Physical Platinum Shares ETF (NYSEARCA:PPLT)

Cypress Capital Management LLC WY trimmed its position in shares of abrdn Physical Platinum Shares ETF (NYSEARCA:PPLT) by 8.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,936 shares of the company’s stock after selling 961 shares during the quarter. Cypress Capital Management LLC WY’s holdings in abrdn Physical Platinum Shares ETF were worth $906,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Citizens Financial Group Inc. RI purchased a new position in shares of abrdn Physical Platinum Shares ETF in the 4th quarter valued at about $2,035,000. Atria Wealth Solutions Inc. boosted its stake in shares of abrdn Physical Platinum Shares ETF by 3.2% in the 4th quarter. Atria Wealth Solutions Inc. now owns 15,922 shares of the company’s stock valued at $1,451,000 after buying an additional 500 shares during the period. Ingalls & Snyder LLC boosted its stake in shares of abrdn Physical Platinum Shares ETF by 22.7% in the 4th quarter. Ingalls & Snyder LLC now owns 14,468 shares of the company’s stock valued at $1,319,000 after buying an additional 2,680 shares during the period. Geneos Wealth Management Inc. purchased a new stake in abrdn Physical Platinum Shares ETF during the fourth quarter worth approximately $56,000. Finally, Arvest Investments Inc. purchased a new stake in abrdn Physical Platinum Shares ETF during the fourth quarter worth approximately $1,765,000.

abrdn Physical Platinum Shares ETF Price Performance

PPLT stock traded up $2.84 during trading on Monday, hitting $87.12. 244,580 shares of the company’s stock were exchanged, compared to its average volume of 147,751. The business has a 50-day moving average price of $84.54 and a two-hundred day moving average price of $84.57. abrdn Physical Platinum Shares ETF has a 52-week low of $77.68 and a 52-week high of $103.18.

abrdn Physical Platinum Shares ETF Profile

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.