Weiss Asset Management LP Buys Shares of 695,443 Sprott Physical Platinum & Palladium Tr $SPPP

Weiss Asset Management LP purchased a new position in shares of Sprott Physical Platinum & Palladium Tr (NYSEARCA:SPPP) in the 1st quarter, Holdings Channel reports. The firm purchased 695,443 shares of the company’s stock, valued at approximately $10,800,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. CIBC Private Wealth Group LLC bought a new stake in shares of Sprott Physical Platinum & Palladium Tr in the fourth quarter worth $45,000. Advisory Services Network LLC bought a new position in Sprott Physical Platinum & Palladium Tr in the third quarter valued at $38,000. Steward Partners Investment Advisory LLC acquired a new stake in Sprott Physical Platinum & Palladium Tr in the 4th quarter valued at $77,000. AdvisorNet Financial Inc increased its stake in Sprott Physical Platinum & Palladium Tr by 123.8% in the 1st quarter. AdvisorNet Financial Inc now owns 4,835 shares of the company’s stock valued at $75,000 after buying an additional 2,675 shares during the last quarter. Finally, Main Street Group LTD bought a new stake in Sprott Physical Platinum & Palladium Tr during the 1st quarter worth about $78,000.

Sprott Physical Platinum & Palladium Tr Price Performance

Shares of NYSEARCA:SPPP opened at $12.84 on Friday. The company’s 50-day moving average price is $13.62 and its two-hundred day moving average price is $15.93. Sprott Physical Platinum & Palladium Tr has a one year low of $11.57 and a one year high of $23.81.

Sprott Physical Platinum & Palladium Tr Company Profile

Sprott Physical Platinum and Palladium Trust is an exchange traded commodity launched and managed by Sprott Asset Management, LP. The fund invests in commodity markets. It invests in physical platinum and palladium bullion in Good Delivery plate or ingot form. Sprott Physical Platinum and Palladium Trust was formed on December 23, 2011 and is domiciled in Canada.