Stock Traders Buy High Volume of Call Options on abrdn Physical Platinum Shares ETF (NYSEARCA:PPLT)

abrdn Physical Platinum Shares ETF (NYSEARCA:PPLT) was the recipient of some unusual options trading activity on Monday. Stock investors acquired 2,084 call options on the company. This is an increase of 27% compared to the average daily volume of 1,644 call options.

abrdn Physical Platinum Shares ETF Stock Up 4.8%

Shares of PPLT traded up $8.54 on Monday, hitting $188.20. The company’s stock had a trading volume of 690,222 shares, compared to its average volume of 338,221. abrdn Physical Platinum Shares ETF has a fifty-two week low of $82.35 and a fifty-two week high of $190.72. The company has a 50 day moving average price of $148.64 and a 200 day moving average price of $134.13.

Institutional Investors Weigh In On abrdn Physical Platinum Shares ETF

A number of institutional investors and hedge funds have recently made changes to their positions in PPLT. Keel Point LLC increased its position in shares of abrdn Physical Platinum Shares ETF by 5.2% in the 3rd quarter. Keel Point LLC now owns 17,295 shares of the company’s stock valued at $2,471,000 after buying an additional 862 shares in the last quarter. Private Wealth Advisors LLC bought a new stake in shares of abrdn Physical Platinum Shares ETF in the third quarter worth about $1,432,000. CIBC Private Wealth Group LLC increased its holdings in shares of abrdn Physical Platinum Shares ETF by 42.9% in the third quarter. CIBC Private Wealth Group LLC now owns 1,000 shares of the company’s stock worth $143,000 after acquiring an additional 300 shares in the last quarter. Advisory Services Network LLC bought a new position in shares of abrdn Physical Platinum Shares ETF during the 3rd quarter valued at about $52,000. Finally, NewEdge Advisors LLC acquired a new position in shares of abrdn Physical Platinum Shares ETF in the 3rd quarter valued at approximately $143,000. Institutional investors own 20.03% of the company’s stock.

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.