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

abrdn Physical Platinum Shares ETF (NYSEARCA:PPLT) shares gapped up before the market opened on Tuesday . The stock had previously closed at $192.78, but opened at $202.07. abrdn Physical Platinum Shares ETF shares last traded at $200.84, with a volume of 539,409 shares traded.

abrdn Physical Platinum Shares ETF Stock Performance

The stock has a 50-day moving average price of $155.06 and a 200 day moving average price of $138.04.

Hedge Funds Weigh In On abrdn Physical Platinum Shares ETF

Large investors have recently bought and sold shares of the company. Raleigh Capital Management Inc. purchased a new position in abrdn Physical Platinum Shares ETF in the 3rd quarter valued at approximately $34,000. Ball & Co Wealth Management Inc. acquired a new position in shares of abrdn Physical Platinum Shares ETF during the 3rd quarter valued at about $34,000. West Oak Capital LLC acquired a new position in shares of abrdn Physical Platinum Shares ETF in the 2nd quarter valued at $33,000. Assetmark Inc. lifted its stake in shares of abrdn Physical Platinum Shares ETF by 407.3% in the 3rd quarter. Assetmark Inc. now owns 279 shares of the company’s stock valued at $40,000 after purchasing an additional 224 shares in the last quarter. Finally, Allworth Financial LP grew its stake in abrdn Physical Platinum Shares ETF by 137.6% during the second quarter. Allworth Financial LP now owns 297 shares of the company’s stock worth $36,000 after buying an additional 172 shares during the period. Hedge funds and other institutional investors own 20.03% of the company’s stock.

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.