abrdn Physical Platinum Shares ETF (NYSEARCA:PPLT – Get Free Report) was the recipient of unusually large options trading on Wednesday. Investors acquired 6,243 call options on the company. This represents an increase of approximately 61% compared to the average volume of 3,873 call options.
abrdn Physical Platinum Shares ETF Stock Performance
Shares of PPLT traded up $0.79 on Wednesday, reaching $17.25. 2,011,651 shares of the company’s stock traded hands, compared to its average volume of 4,807,244. The stock’s 50 day simple moving average is $15.48 and its two-hundred day simple moving average is $17.04. abrdn Physical Platinum Shares ETF has a 52-week low of $12.32 and a 52-week high of $26.16.
Institutional Investors Weigh In On abrdn Physical Platinum Shares ETF
Large investors have recently made changes to their positions in the business. Geneos Wealth Management Inc. grew its position 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 valued at $39,000 after buying an additional 412 shares during the period. Betterment LLC bought a new stake in abrdn Physical Platinum Shares ETF in the second quarter worth about $211,000. Raymond James Financial Inc. boosted its stake in abrdn Physical Platinum Shares ETF by 188.5% in the second quarter. Raymond James Financial Inc. now owns 63,278 shares of the company’s stock valued at $7,775,000 after acquiring an additional 41,348 shares during the last quarter. Ameriprise Financial Inc. bought a new position in shares of abrdn Physical Platinum Shares ETF during the 2nd quarter valued at approximately $647,000. Finally, Benjamin Edwards Inc. purchased a new stake in shares of abrdn Physical Platinum Shares ETF during the 2nd quarter worth approximately $367,000. 20.03% of the stock is owned by hedge funds and other institutional investors.
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.
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