Rathbones Group PLC Trims Holdings in abrdn Physical Platinum Shares ETF $PPLT

Rathbones Group PLC lowered its position in shares of abrdn Physical Platinum Shares ETF (NYSEARCA:PPLT) by 90.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,900 shares of the company’s stock after selling 17,660 shares during the quarter. Rathbones Group PLC’s holdings in abrdn Physical Platinum Shares ETF were worth $271,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Raleigh Capital Management Inc. acquired a new position in abrdn Physical Platinum Shares ETF during the third quarter valued at approximately $34,000. Ball & Co Wealth Management Inc. purchased a new stake in shares of abrdn Physical Platinum Shares ETF during the third quarter worth about $34,000. Assetmark Inc. raised its position 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. Allworth Financial LP raised its holdings in abrdn Physical Platinum Shares ETF by 137.6% in the second quarter. Allworth Financial LP now owns 297 shares of the company’s stock valued at $36,000 after acquiring an additional 172 shares in the last quarter. Finally, MAI Capital Management lifted its position in shares of abrdn Physical Platinum Shares ETF by 252.9% during the second quarter. MAI Capital Management now owns 367 shares of the company’s stock worth $45,000 after purchasing an additional 263 shares during the last quarter. 20.03% of the stock is owned by institutional investors and hedge funds.

abrdn Physical Platinum Shares ETF Trading Up 0.9%

Shares of PPLT opened at $199.96 on Wednesday. The stock has a 50 day moving average of $205.34 and a 200-day moving average of $167.47. abrdn Physical Platinum Shares ETF has a 52 week low of $82.79 and a 52 week high of $261.62.

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.