abrdn Physical Platinum Shares ETF (NYSEARCA:PPLT) Trading 1.5% Higher – What’s Next?

abrdn Physical Platinum Shares ETF (NYSEARCA:PPLT)’s share price were up 1.5% during trading on Tuesday . The stock traded as high as $17.74 and last traded at $17.74. Approximately 1,165,709 shares changed hands during mid-day trading, a decline of 82% from the average daily volume of 6,460,316 shares. The stock had previously closed at $17.47.

abrdn Physical Platinum Shares ETF Price Performance

The firm has a 50 day moving average of $18.18 and a 200-day moving average of $18.33.

Institutional Investors Weigh In On abrdn Physical Platinum Shares ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. HHM Wealth Advisors LLC bought a new stake in abrdn Physical Platinum Shares ETF during the fourth quarter worth $25,000. Acumen Wealth Advisors LLC acquired a new stake in abrdn Physical Platinum Shares ETF during the 4th quarter worth about $25,000. Creative Financial Designs Inc. ADV grew 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 buying an additional 114 shares during the period. Team Financial Group LLC acquired a new position in shares of abrdn Physical Platinum Shares ETF during the fourth quarter valued at about $33,000. Finally, Raleigh Capital Management Inc. acquired a new position in abrdn Physical Platinum Shares ETF during the 3rd quarter valued at about $34,000. 20.03% of the stock is currently owned by institutional investors.

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.