abrdn Physical Platinum Shares ETF (NYSEARCA:PPLT) Trading 1.1% Higher – Here’s What Happened

abrdn Physical Platinum Shares ETF (NYSEARCA:PPLT)’s share price rose 1.1% on Wednesday . The stock traded as high as $14.58 and last traded at $14.29. 2,880,879 shares traded hands during trading, a decline of 50% from the average daily volume of 5,725,593 shares. The stock had previously closed at $14.13.

abrdn Physical Platinum Shares ETF Stock Performance

The company’s fifty day moving average price is $16.95 and its two-hundred day moving average price is $18.58.

Institutional Investors Weigh In On abrdn Physical Platinum Shares ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. CENTRAL TRUST Co boosted its stake in shares of abrdn Physical Platinum Shares ETF by 12.5% in the 1st quarter. CENTRAL TRUST Co now owns 358,153 shares of the company’s stock valued at $63,834,000 after purchasing an additional 39,841 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of abrdn Physical Platinum Shares ETF by 5,730.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 346,804 shares of the company’s stock worth $64,655,000 after buying an additional 340,856 shares during the last quarter. Morgan Stanley lifted its holdings in abrdn Physical Platinum Shares ETF by 29.3% in the fourth quarter. Morgan Stanley now owns 326,667 shares of the company’s stock valued at $60,901,000 after buying an additional 74,090 shares during the period. Corient Private Wealth LLC lifted its holdings in abrdn Physical Platinum Shares ETF by 12,472.1% in the fourth quarter. Corient Private Wealth LLC now owns 187,073 shares of the company’s stock valued at $34,876,000 after buying an additional 185,585 shares during the period. Finally, UBS Group AG boosted its stake in abrdn Physical Platinum Shares ETF by 4.0% in the fourth quarter. UBS Group AG now owns 179,447 shares of the company’s stock valued at $33,454,000 after acquiring an additional 6,863 shares during the last quarter. 20.03% of the stock is owned by institutional investors and hedge funds.

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.