RFG Advisory LLC Buys New Holdings in GraniteShares Platinum Trust $PLTM

RFG Advisory LLC acquired a new position in GraniteShares Platinum Trust (NYSEARCA:PLTM) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 89,492 shares of the company’s stock, valued at approximately $1,352,000. RFG Advisory LLC owned 1.01% of GraniteShares Platinum Trust at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Raymond James Financial Inc. raised its stake in shares of GraniteShares Platinum Trust by 41.8% during the 2nd quarter. Raymond James Financial Inc. now owns 201,496 shares of the company’s stock valued at $2,619,000 after buying an additional 59,392 shares during the last quarter. Envestnet Asset Management Inc. raised its position in GraniteShares Platinum Trust by 7.8% during the second quarter. Envestnet Asset Management Inc. now owns 111,684 shares of the company’s stock valued at $1,452,000 after acquiring an additional 8,038 shares in the last quarter. Cetera Investment Advisers lifted its holdings in GraniteShares Platinum Trust by 73.1% in the second quarter. Cetera Investment Advisers now owns 71,769 shares of the company’s stock valued at $933,000 after acquiring an additional 30,312 shares during the period. Wealth Watch Advisors INC lifted its holdings in GraniteShares Platinum Trust by 254.5% in the second quarter. Wealth Watch Advisors INC now owns 67,651 shares of the company’s stock valued at $879,000 after acquiring an additional 48,565 shares during the period. Finally, IHT Wealth Management LLC boosted its position in GraniteShares Platinum Trust by 9.3% in the 2nd quarter. IHT Wealth Management LLC now owns 50,735 shares of the company’s stock worth $660,000 after purchasing an additional 4,300 shares in the last quarter.

GraniteShares Platinum Trust Stock Up 2.6%

Shares of NYSEARCA PLTM opened at $20.62 on Thursday. The firm’s 50 day simple moving average is $20.94 and its 200-day simple moving average is $16.65. GraniteShares Platinum Trust has a 12 month low of $8.76 and a 12 month high of $27.69.

GraniteShares Platinum Trust Company Profile

The GraniteShares Platinum Trust (PLTM) 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 and liabilities, using physically held platinum. PLTM was launched on Jan 22, 2018 and is managed by GraniteShares.