WIT Partners Advisory Pte. Ltd. Raises Holdings in abrdn Physical Platinum Shares ETF $PPLT

WIT Partners Advisory Pte. Ltd. grew its holdings in shares of abrdn Physical Platinum Shares ETF (NYSEARCA:PPLT) by 2,314.0% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 554,491 shares of the company’s stock after acquiring an additional 531,521 shares during the quarter. abrdn Physical Platinum Shares ETF comprises 3.7% of WIT Partners Advisory Pte. Ltd.’s portfolio, making the stock its 5th largest holding. WIT Partners Advisory Pte. Ltd.’s holdings in abrdn Physical Platinum Shares ETF were worth $7,835,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Geneos Wealth Management Inc. raised its holdings in shares of abrdn Physical Platinum Shares ETF by 2,060.0% during the first quarter. Geneos Wealth Management Inc. now owns 432 shares of the company’s stock valued at $39,000 after acquiring an additional 412 shares in the last quarter. Betterment LLC bought a new stake in abrdn Physical Platinum Shares ETF in the second quarter valued at $211,000. Raymond James Financial Inc. increased its position in abrdn Physical Platinum Shares ETF by 188.5% during the 2nd quarter. Raymond James Financial Inc. now owns 63,278 shares of the company’s stock valued at $7,775,000 after purchasing an additional 41,348 shares during the period. Ameriprise Financial Inc. purchased a new position in abrdn Physical Platinum Shares ETF during the 2nd quarter valued at $647,000. Finally, Benjamin Edwards Inc. purchased a new position in abrdn Physical Platinum Shares ETF during the 2nd quarter valued at $367,000. Institutional investors own 20.03% of the company’s stock.

abrdn Physical Platinum Shares ETF Stock Performance

Shares of NYSEARCA PPLT opened at $16.49 on Friday. abrdn Physical Platinum Shares ETF has a 12 month low of $12.32 and a 12 month high of $26.16. The firm has a fifty day simple moving average of $15.36 and a two-hundred day simple moving average of $17.09.

abrdn Physical Platinum Shares ETF Company 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.