Southland Equity Partners LLC Takes $1.41 Million Position in abrdn Physical Platinum Shares ETF $PPLT

Southland Equity Partners LLC acquired a new stake in shares of abrdn Physical Platinum Shares ETF (NYSEARCA:PPLT) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 7,545 shares of the company’s stock, valued at approximately $1,407,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PPLT. Benjamin Edwards Inc. boosted its holdings in abrdn Physical Platinum Shares ETF by 2.5% in the third quarter. Benjamin Edwards Inc. now owns 3,063 shares of the company’s stock worth $438,000 after purchasing an additional 75 shares during the last quarter. Compound Planning Inc. grew its position in abrdn Physical Platinum Shares ETF by 0.9% in the 3rd quarter. Compound Planning Inc. now owns 9,136 shares of the company’s stock worth $1,305,000 after purchasing an additional 83 shares during the period. MAI Capital Management raised its stake in abrdn Physical Platinum Shares ETF by 34.1% during the 3rd quarter. MAI Capital Management now owns 492 shares of the company’s stock valued at $70,000 after buying an additional 125 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in abrdn Physical Platinum Shares ETF by 3.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,304 shares of the company’s stock valued at $989,000 after buying an additional 170 shares during the last quarter. Finally, Team Financial Group LLC bought a new position in shares of abrdn Physical Platinum Shares ETF during the 4th quarter valued at $33,000. Institutional investors own 20.03% of the company’s stock.

abrdn Physical Platinum Shares ETF Stock Performance

PPLT stock opened at $169.40 on Friday. abrdn Physical Platinum Shares ETF has a 1 year low of $82.79 and a 1 year high of $261.62. The stock’s fifty day moving average price is $198.64 and its 200-day moving average price is $171.88.

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.