Aberdeen Standard Physical Platinum Shares ETF (NYSEARCA:PPLT) Sees Strong Trading Volume

Aberdeen Standard Physical Platinum Shares ETF (NYSEARCA:PPLT) shares saw unusually-high trading volume on Tuesday . Approximately 121,178 shares were traded during mid-day trading, a decline of 15% from the previous session’s volume of 141,830 shares.The stock last traded at $83.93 and had previously closed at $84.80.

Aberdeen Standard Physical Platinum Shares ETF Trading Down 0.9 %

The firm has a fifty day simple moving average of $84.40 and a 200-day simple moving average of $84.51.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Cambridge Investment Research Advisors Inc. grew its position in Aberdeen Standard Physical Platinum Shares ETF by 3.1% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 4,033 shares of the company’s stock valued at $337,000 after acquiring an additional 122 shares during the last quarter. Scotia Capital Inc. lifted its stake in shares of Aberdeen Standard Physical Platinum Shares ETF by 3.9% in the third quarter. Scotia Capital Inc. now owns 4,183 shares of the company’s stock worth $350,000 after acquiring an additional 157 shares during the period. Vanguard Capital Wealth Advisors lifted its stake in shares of Aberdeen Standard Physical Platinum Shares ETF by 4.7% in the fourth quarter. Vanguard Capital Wealth Advisors now owns 4,501 shares of the company’s stock worth $410,000 after acquiring an additional 200 shares during the period. Patriot Financial Group Insurance Agency LLC lifted its stake in Aberdeen Standard Physical Platinum Shares ETF by 5.2% in the third quarter. Patriot Financial Group Insurance Agency LLC now owns 5,034 shares of the company’s stock valued at $421,000 after buying an additional 250 shares during the period. Finally, Prospector Partners LLC lifted its stake in Aberdeen Standard Physical Platinum Shares ETF by 0.3% in the third quarter. Prospector Partners LLC now owns 83,655 shares of the company’s stock valued at $6,995,000 after buying an additional 250 shares during the period.

Aberdeen Standard 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.