Rakuten Investment Management Inc. purchased a new position in shares of abrdn Physical Platinum Shares ETF (NYSEARCA:PPLT – Free Report) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 2,048,480 shares of the company’s stock, valued at approximately $31,690,000.
A number of other hedge funds have also recently made changes to their positions in PPLT. Proficio Capital Partners LLC grew its holdings in shares of abrdn Physical Platinum Shares ETF by 286.0% during the 2nd quarter. Proficio Capital Partners LLC now owns 235,390 shares of the company’s stock valued at $3,326,000 after purchasing an additional 174,411 shares during the last quarter. Briaud Financial Planning Inc raised its position in abrdn Physical Platinum Shares ETF by 896.1% in the 2nd quarter. Briaud Financial Planning Inc now owns 66,240 shares of the company’s stock worth $936,000 after purchasing an additional 59,590 shares during the period. Pettinga Financial Advisors LLC lifted its stake in abrdn Physical Platinum Shares ETF by 881.7% in the second quarter. Pettinga Financial Advisors LLC now owns 50,850 shares of the company’s stock worth $719,000 after purchasing an additional 45,670 shares during the last quarter. WIT Partners Advisory Pte. Ltd. lifted its stake in abrdn Physical Platinum Shares ETF by 2,314.0% in the second quarter. WIT Partners Advisory Pte. Ltd. now owns 554,491 shares of the company’s stock worth $7,835,000 after purchasing an additional 531,521 shares during the last quarter. Finally, Confluence Investment Management LLC lifted its stake in abrdn Physical Platinum Shares ETF by 1,284.3% in the second quarter. Confluence Investment Management LLC now owns 75,305 shares of the company’s stock worth $1,064,000 after purchasing an additional 69,865 shares during the last quarter. 20.03% of the stock is currently owned by institutional investors.
abrdn Physical Platinum Shares ETF Stock Performance
NYSEARCA PPLT opened at $12.82 on Wednesday. The company has a 50-day simple moving average of $15.39 and a two-hundred day simple moving average of $17.13. abrdn Physical Platinum Shares ETF has a 12-month low of $12.80 and a 12-month high of $26.16.
abrdn Physical Platinum Shares ETF 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.
Further Reading
- Five stocks we like better than abrdn Physical Platinum Shares ETF
- Marriott’s Earnings Beat Shows Why It’s More Than a Bet on Travel Demand
- Franklin Templeton’s New ETFs Turn Stock Dividends Into Bitcoin—What’s the Catch?
- Apple’s Earnings Beat Comes With a Catch for Investors Heading Into the Holidays
- Palantir’s $2.3 Billion Quarter Puts Its Premium Valuation to the Test
Want to see what other hedge funds are holding PPLT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for abrdn Physical Platinum Shares ETF (NYSEARCA:PPLT – Free Report).
Receive News & Ratings for abrdn Physical Platinum Shares ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for abrdn Physical Platinum Shares ETF and related companies with MarketBeat.com's FREE daily email newsletter.
