abrdn Physical Platinum Shares ETF (NYSEARCA:PPLT) Trading Up 1.5% – Here’s What Happened

Shares of abrdn Physical Platinum Shares ETF (NYSEARCA:PPLT) were up 1.5% during mid-day trading on Tuesday . The company traded as high as $17.74 and last traded at $17.74. Approximately 1,165,709 shares were traded during trading, a decline of 82% from the average daily volume of 6,460,316 shares. The stock had previously closed at $17.47.

abrdn Physical Platinum Shares ETF Stock Performance

The business has a 50 day simple moving average of $18.18 and a 200-day simple moving average of $18.33.

Hedge Funds Weigh In On abrdn Physical Platinum Shares ETF

Several hedge funds have recently modified their holdings of the company. Geneos Wealth Management Inc. raised its holdings in shares of abrdn Physical Platinum Shares ETF by 2,060.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 432 shares of the company’s stock worth $39,000 after purchasing an additional 412 shares during the period. Betterment LLC bought a new stake in abrdn Physical Platinum Shares ETF during the 2nd quarter valued at $211,000. Raymond James Financial Inc. raised its holdings in abrdn Physical Platinum Shares ETF by 188.5% during the 2nd quarter. Raymond James Financial Inc. now owns 63,278 shares of the company’s stock valued at $7,775,000 after acquiring an additional 41,348 shares during the period. Ameriprise Financial Inc. bought a new stake in abrdn Physical Platinum Shares ETF during the 2nd quarter valued at $647,000. Finally, Benjamin Edwards Inc. purchased a new stake in shares of abrdn Physical Platinum Shares ETF in the second quarter worth about $367,000. Institutional investors 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.