abrdn Physical Platinum Shares ETF $PPLT Stake Lowered by Carrera Capital Advisors

Carrera Capital Advisors reduced its stake in abrdn Physical Platinum Shares ETF (NYSEARCA:PPLT) by 66.8% in the third quarter, HoldingsChannel reports. The fund owned 10,060 shares of the company’s stock after selling 20,257 shares during the quarter. Carrera Capital Advisors’ holdings in abrdn Physical Platinum Shares ETF were worth $1,437,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Abbington Investment Group bought a new position in abrdn Physical Platinum Shares ETF during the third quarter valued at about $3,253,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in abrdn Physical Platinum Shares ETF by 10.9% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,100 shares of the company’s stock valued at $750,000 after acquiring an additional 600 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of abrdn Physical Platinum Shares ETF during the 3rd quarter valued at about $405,000. Accordant Advisory Group Inc bought a new position in shares of abrdn Physical Platinum Shares ETF during the 3rd quarter valued at about $3,500,000. Finally, Janney Montgomery Scott LLC grew its stake in shares of abrdn Physical Platinum Shares ETF by 7.8% in the 2nd quarter. Janney Montgomery Scott LLC now owns 12,428 shares of the company’s stock worth $1,527,000 after purchasing an additional 894 shares during the last quarter. 20.03% of the stock is currently owned by institutional investors.

abrdn Physical Platinum Shares ETF Trading Down 18.4%

NYSEARCA PPLT opened at $195.04 on Friday. abrdn Physical Platinum Shares ETF has a 12 month low of $82.79 and a 12 month high of $261.62. The company’s 50 day simple moving average is $190.49 and its 200 day simple moving average is $153.78.

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.