abrdn Physical Platinum Shares ETF $PPLT Shares Purchased by Pekin Hardy Strauss Inc.

Pekin Hardy Strauss Inc. grew its stake in abrdn Physical Platinum Shares ETF (NYSEARCA:PPLT) by 90.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 50,449 shares of the company’s stock after buying an additional 23,949 shares during the period. Pekin Hardy Strauss Inc. owned 0.37% of abrdn Physical Platinum Shares ETF worth $7,208,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in PPLT. CENTRAL TRUST Co lifted its holdings in shares of abrdn Physical Platinum Shares ETF by 24.3% during the second quarter. CENTRAL TRUST Co now owns 318,113 shares of the company’s stock worth $39,087,000 after purchasing an additional 62,198 shares during the period. Intrepid Family Office LLC purchased a new stake in abrdn Physical Platinum Shares ETF during the 2nd quarter worth about $6,144,000. Arkadios Wealth Advisors acquired a new stake in shares of abrdn Physical Platinum Shares ETF during the 2nd quarter worth about $5,257,000. Raymond James Financial Inc. boosted its position in abrdn Physical Platinum Shares ETF by 188.5% during the second quarter. Raymond James Financial Inc. now owns 63,278 shares of the company’s stock worth $7,775,000 after acquiring an additional 41,348 shares during the last quarter. Finally, Black Swift Group LLC purchased a new stake in shares of abrdn Physical Platinum Shares ETF in the second quarter valued at $4,036,000. Institutional investors and hedge funds own 20.03% of the company’s stock.

abrdn Physical Platinum Shares ETF Price Performance

PPLT opened at $188.45 on Friday. abrdn Physical Platinum Shares ETF has a 1 year low of $82.79 and a 1 year high of $261.62. The company’s 50 day simple moving average is $202.09 and its 200 day simple moving average is $159.78.

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.