abrdn Physical Platinum Shares ETF (NYSEARCA:PPLT) Shares Up 0.4% – What’s Next?

Shares of abrdn Physical Platinum Shares ETF (NYSEARCA:PPLT) rose 0.4% on Wednesday . The company traded as high as $15.10 and last traded at $14.88. Approximately 1,413,453 shares traded hands during trading, a decline of 74% from the average daily volume of 5,356,127 shares. The stock had previously closed at $14.82.

abrdn Physical Platinum Shares ETF Trading Down 0.3%

The company’s fifty day moving average price is $15.76 and its 200-day moving average price is $18.20.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Holcombe Financial Inc. acquired a new position in shares of abrdn Physical Platinum Shares ETF in the fourth quarter valued at about $1,690,000. Fortis Capital Advisors LLC purchased a new position in shares of abrdn Physical Platinum Shares ETF in the fourth quarter worth about $846,000. Global View Capital Management LLC acquired a new stake in shares of abrdn Physical Platinum Shares ETF during the fourth quarter worth about $1,029,000. Brookwood Investment Group LLC acquired a new stake in shares of abrdn Physical Platinum Shares ETF during the fourth quarter worth about $2,579,000. Finally, Q3 Asset Management purchased a new stake in abrdn Physical Platinum Shares ETF in the fourth quarter valued at approximately $3,282,000. Institutional investors and hedge funds own 20.03% of the company’s stock.

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.