abrdn Physical Platinum Shares ETF (NYSEARCA:PPLT) Shares Gap Up – What’s Next?

abrdn Physical Platinum Shares ETF (NYSEARCA:PPLT)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $16.46, but opened at $17.27. abrdn Physical Platinum Shares ETF shares last traded at $17.3240, with a volume of 523,317 shares changing hands.

abrdn Physical Platinum Shares ETF Trading Up 5.2%

The firm has a 50-day moving average price of $15.48 and a two-hundred day moving average price of $17.04.

Hedge Funds Weigh In On abrdn Physical Platinum Shares ETF

A number of large investors have recently bought and sold shares of PPLT. Integrated Wealth Concepts LLC boosted its position in abrdn Physical Platinum Shares ETF by 5.1% during the 4th quarter. Integrated Wealth Concepts LLC now owns 1,718 shares of the company’s stock worth $320,000 after acquiring an additional 84 shares during the last quarter. Kestra Private Wealth Services LLC lifted its position in shares of abrdn Physical Platinum Shares ETF by 5.7% in the first quarter. Kestra Private Wealth Services LLC now owns 1,852 shares of the company’s stock worth $330,000 after purchasing an additional 100 shares in the last quarter. Waverly Advisors LLC lifted its position in shares of abrdn Physical Platinum Shares ETF by 7.8% in the first quarter. Waverly Advisors LLC now owns 1,488 shares of the company’s stock worth $265,000 after purchasing an additional 108 shares in the last quarter. Creative Financial Designs Inc. ADV increased its stake in abrdn Physical Platinum Shares ETF by 316.7% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 150 shares of the company’s stock valued at $28,000 after buying an additional 114 shares during the last quarter. Finally, Acumen Wealth Advisors LLC acquired a new stake in abrdn Physical Platinum Shares ETF in the 4th quarter valued at $25,000. Institutional investors and hedge funds own 20.03% of the company’s stock.

About abrdn Physical Platinum Shares ETF

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.