Private Wealth Advisors LLC Takes $1.43 Million Position in abrdn Physical Platinum Shares ETF $PPLT

Private Wealth Advisors LLC purchased a new stake in abrdn Physical Platinum Shares ETF (NYSEARCA:PPLT) in the 3rd quarter, HoldingsChannel reports. The fund purchased 10,022 shares of the company’s stock, valued at approximately $1,432,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PPLT. CENTRAL TRUST Co grew its position in abrdn Physical Platinum Shares ETF by 4.1% during the 3rd quarter. CENTRAL TRUST Co now owns 331,313 shares of the company’s stock worth $47,338,000 after purchasing an additional 13,200 shares in the last quarter. Raymond James Financial Inc. grew its holdings in shares of abrdn Physical Platinum Shares ETF by 15.2% during the third quarter. Raymond James Financial Inc. now owns 72,865 shares of the company’s stock valued at $10,411,000 after buying an additional 9,587 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of abrdn Physical Platinum Shares ETF by 38.3% during the third quarter. Bank of America Corp DE now owns 53,268 shares of the company’s stock valued at $7,611,000 after buying an additional 14,739 shares in the last quarter. Black Swift Group LLC raised its position in abrdn Physical Platinum Shares ETF by 61.6% during the third quarter. Black Swift Group LLC now owns 53,090 shares of the company’s stock valued at $7,585,000 after buying an additional 20,245 shares during the period. Finally, Pekin Hardy Strauss Inc. raised its position in abrdn Physical Platinum Shares ETF by 90.4% during the third quarter. Pekin Hardy Strauss Inc. now owns 50,449 shares of the company’s stock valued at $7,208,000 after buying an additional 23,949 shares during the period. Institutional investors and hedge funds own 20.03% of the company’s stock.

abrdn Physical Platinum Shares ETF Trading Down 4.6%

Shares of PPLT opened at $183.83 on Thursday. abrdn Physical Platinum Shares ETF has a fifty-two week low of $82.79 and a fifty-two week high of $261.62. The business’s 50-day moving average is $204.18 and its 200-day moving average is $169.97.

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.