abrdn Physical Platinum Shares ETF (NYSEARCA:PPLT) Shares Gap Up – Time to Buy?

abrdn Physical Platinum Shares ETF (NYSEARCA:PPLT) gapped up before the market opened on Tuesday . The stock had previously closed at $204.50, but opened at $214.25. abrdn Physical Platinum Shares ETF shares last traded at $218.0050, with a volume of 355,758 shares changing hands.

abrdn Physical Platinum Shares ETF Trading Down 2.1%

The business’s 50-day moving average is $163.89 and its 200-day moving average is $142.43.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Raleigh Capital Management Inc. bought a new stake in abrdn Physical Platinum Shares ETF during the 3rd quarter worth approximately $34,000. Ball & Co Wealth Management Inc. acquired a new position in abrdn Physical Platinum Shares ETF in the third quarter worth $34,000. West Oak Capital LLC bought a new stake in shares of abrdn Physical Platinum Shares ETF during the second quarter worth $33,000. Assetmark Inc. grew its holdings in shares of abrdn Physical Platinum Shares ETF by 407.3% during the third quarter. Assetmark Inc. now owns 279 shares of the company’s stock worth $40,000 after purchasing an additional 224 shares during the last quarter. Finally, Allworth Financial LP increased its stake in shares of abrdn Physical Platinum Shares ETF by 137.6% in the second quarter. Allworth Financial LP now owns 297 shares of the company’s stock valued at $36,000 after buying an additional 172 shares in the last quarter. 20.03% of the stock is owned by institutional investors and hedge funds.

abrdn Physical Platinum Shares ETF Company 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.