abrdn Physical Platinum Shares ETF (NYSEARCA:PPLT) Hits New 52-Week High – What’s Next?

abrdn Physical Platinum Shares ETF (NYSEARCA:PPLT) reached a new 52-week high on Tuesday . The stock traded as high as $111.45 and last traded at $111.10, with a volume of 654881 shares. The stock had previously closed at $107.00.

abrdn Physical Platinum Shares ETF Stock Performance

The firm has a 50 day simple moving average of $92.89 and a two-hundred day simple moving average of $89.38.

Institutional Investors Weigh In On abrdn Physical Platinum Shares ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. lifted its stake in abrdn Physical Platinum Shares ETF by 2,060.0% during the first quarter. Geneos Wealth Management Inc. now owns 432 shares of the company’s stock worth $39,000 after purchasing an additional 412 shares during the last quarter. US Bancorp DE acquired a new position in shares of abrdn Physical Platinum Shares ETF during the first quarter worth $41,000. EverSource Wealth Advisors LLC increased its holdings in shares of abrdn Physical Platinum Shares ETF by 1,351.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 537 shares of the company’s stock worth $45,000 after buying an additional 500 shares in the last quarter. Signaturefd LLC acquired a new position in shares of abrdn Physical Platinum Shares ETF during the first quarter worth $76,000. Finally, Pandora Wealth Inc. acquired a new position in shares of abrdn Physical Platinum Shares ETF during the first quarter worth $91,000.

About abrdn Physical Platinum Shares ETF

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.