Confluence Investment Management LLC Has $1.06 Million Holdings in abrdn Physical Platinum Shares ETF $PPLT

Confluence Investment Management LLC increased its holdings in abrdn Physical Platinum Shares ETF (NYSEARCA:PPLT) by 1,284.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 75,305 shares of the company’s stock after purchasing an additional 69,865 shares during the period. Confluence Investment Management LLC owned approximately 0.06% of abrdn Physical Platinum Shares ETF worth $1,064,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of PPLT. Integrated Wealth Concepts LLC raised its holdings in abrdn Physical Platinum Shares ETF by 5.1% during the fourth quarter. Integrated Wealth Concepts LLC now owns 1,718 shares of the company’s stock valued at $320,000 after buying an additional 84 shares in the last quarter. Kestra Private Wealth Services LLC boosted its stake in shares of abrdn Physical Platinum Shares ETF by 5.7% during the 1st quarter. Kestra Private Wealth Services LLC now owns 1,852 shares of the company’s stock worth $330,000 after acquiring an additional 100 shares in the last quarter. Waverly Advisors LLC increased its holdings in shares of abrdn Physical Platinum Shares ETF by 7.8% during the 1st quarter. Waverly Advisors LLC now owns 1,488 shares of the company’s stock valued at $265,000 after acquiring an additional 108 shares during the last quarter. Creative Financial Designs Inc. ADV raised its stake in shares of abrdn Physical Platinum Shares ETF by 316.7% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 150 shares of the company’s stock valued at $28,000 after acquiring an additional 114 shares in the last quarter. Finally, HHM Wealth Advisors LLC bought a new position in shares of abrdn Physical Platinum Shares ETF in the 4th quarter valued at approximately $25,000. 20.03% of the stock is owned by institutional investors and hedge funds.

abrdn Physical Platinum Shares ETF Stock Performance

PPLT opened at $15.74 on Wednesday. The business has a 50 day moving average price of $15.29 and a 200 day moving average price of $17.91. abrdn Physical Platinum Shares ETF has a twelve month low of $11.86 and a twelve month high of $26.16.

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.