Arvest Investments Inc. Lowers Holdings in abrdn Physical Platinum Shares ETF $PPLT

Arvest Investments Inc. lowered its stake in shares of abrdn Physical Platinum Shares ETF (NYSEARCA:PPLT) by 2.2% in the second quarter, HoldingsChannel reports. The fund owned 21,784 shares of the company’s stock after selling 480 shares during the quarter. Arvest Investments Inc.’s holdings in abrdn Physical Platinum Shares ETF were worth $2,677,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Cambridge Investment Research Advisors Inc. grew its holdings in abrdn Physical Platinum Shares ETF by 4.4% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 3,465 shares of the company’s stock valued at $317,000 after purchasing an additional 145 shares during the period. Vanguard Capital Wealth Advisors boosted its holdings in shares of abrdn Physical Platinum Shares ETF by 6.8% in the 4th quarter. Vanguard Capital Wealth Advisors now owns 2,751 shares of the company’s stock valued at $228,000 after purchasing an additional 175 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in shares of abrdn Physical Platinum Shares ETF by 2.1% during the 1st quarter. Janney Montgomery Scott LLC now owns 11,534 shares of the company’s stock valued at $1,054,000 after buying an additional 238 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of abrdn Physical Platinum Shares ETF by 5.8% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,500 shares of the company’s stock valued at $495,000 after buying an additional 300 shares during the period. Finally, Pekin Hardy Strauss Inc. increased its holdings in shares of abrdn Physical Platinum Shares ETF by 2.7% during the 1st quarter. Pekin Hardy Strauss Inc. now owns 12,169 shares of the company’s stock worth $1,112,000 after buying an additional 318 shares during the last quarter. 20.03% of the stock is owned by institutional investors and hedge funds.

abrdn Physical Platinum Shares ETF Stock Up 1.0%

Shares of PPLT opened at $127.53 on Friday. abrdn Physical Platinum Shares ETF has a twelve month low of $82.35 and a twelve month high of $133.80. The stock’s fifty day simple moving average is $124.67 and its 200 day simple moving average is $106.52.

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.