Cetera Investment Advisers cut its position in Sprott Physical Platinum & Palladium Tr (NYSEARCA:SPPP – Free Report) by 38.7% in the first quarter, HoldingsChannel reports. The institutional investor owned 69,008 shares of the company’s stock after selling 43,604 shares during the period. Cetera Investment Advisers’ holdings in Sprott Physical Platinum & Palladium Tr were worth $1,072,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of the company. Advisory Services Network LLC purchased a new position in Sprott Physical Platinum & Palladium Tr during the 3rd quarter valued at about $38,000. CIBC Private Wealth Group LLC acquired a new position in Sprott Physical Platinum & Palladium Tr in the 4th quarter valued at about $45,000. AdvisorNet Financial Inc grew its position in Sprott Physical Platinum & Palladium Tr by 123.8% in the 1st quarter. AdvisorNet Financial Inc now owns 4,835 shares of the company’s stock valued at $75,000 after acquiring an additional 2,675 shares in the last quarter. Steward Partners Investment Advisory LLC purchased a new stake in Sprott Physical Platinum & Palladium Tr during the fourth quarter worth about $77,000. Finally, Main Street Group LTD purchased a new stake in Sprott Physical Platinum & Palladium Tr during the first quarter worth about $78,000.
Sprott Physical Platinum & Palladium Tr Price Performance
Shares of SPPP opened at $13.82 on Friday. Sprott Physical Platinum & Palladium Tr has a 1 year low of $11.57 and a 1 year high of $23.81. The company’s 50-day simple moving average is $13.29 and its 200-day simple moving average is $15.33.
Sprott Physical Platinum & Palladium Tr Company Profile
Sprott Physical Platinum and Palladium Trust is an exchange traded commodity launched and managed by Sprott Asset Management, LP. The fund invests in commodity markets. It invests in physical platinum and palladium bullion in Good Delivery plate or ingot form. Sprott Physical Platinum and Palladium Trust was formed on December 23, 2011 and is domiciled in Canada.
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