Verus Financial Partners Inc. Takes $357,000 Position in abrdn Physical Platinum Shares ETF $PPLT

Verus Financial Partners Inc. acquired a new position in shares of abrdn Physical Platinum Shares ETF (NYSEARCA:PPLT) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 2,500 shares of the company’s stock, valued at approximately $357,000.

Several other large investors have also made changes to their positions in the company. Ball & Co Wealth Management Inc. purchased a new stake in abrdn Physical Platinum Shares ETF during the third quarter valued at about $34,000. Allworth Financial LP lifted its stake in shares of abrdn Physical Platinum Shares ETF by 137.6% in the 2nd quarter. Allworth Financial LP now owns 297 shares of the company’s stock valued at $36,000 after purchasing an additional 172 shares in the last quarter. MAI Capital Management grew its holdings in shares of abrdn Physical Platinum Shares ETF by 252.9% during the 2nd quarter. MAI Capital Management now owns 367 shares of the company’s stock worth $45,000 after purchasing an additional 263 shares during the period. Geneos Wealth Management Inc. increased its position in abrdn Physical Platinum Shares ETF by 2,060.0% during 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 in the last quarter. Finally, Private Trust Co. NA acquired a new stake in abrdn Physical Platinum Shares ETF during the 3rd quarter worth approximately $68,000. 20.03% of the stock is owned by hedge funds and other institutional investors.

abrdn Physical Platinum Shares ETF Stock Up 6.3%

Shares of PPLT stock opened at $240.49 on Friday. abrdn Physical Platinum Shares ETF has a fifty-two week low of $82.79 and a fifty-two week high of $240.67. The firm’s 50 day moving average price is $178.88 and its two-hundred day moving average price is $148.94.

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.