Sprott Physical Platinum & Palladium Tr $SPPP Shares Sold by Royal Bank of Canada

Royal Bank of Canada reduced its holdings in Sprott Physical Platinum & Palladium Tr (NYSEARCA:SPPP) by 16.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 742,101 shares of the company’s stock after selling 144,768 shares during the quarter. Royal Bank of Canada’s holdings in Sprott Physical Platinum & Palladium Tr were worth $11,525,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in SPPP. Weiss Asset Management LP bought a new stake in Sprott Physical Platinum & Palladium Tr during the first quarter worth approximately $10,800,000. Cannell & Spears LLC lifted its position in shares of Sprott Physical Platinum & Palladium Tr by 16.7% during the 1st quarter. Cannell & Spears LLC now owns 35,000 shares of the company’s stock valued at $544,000 after acquiring an additional 5,000 shares during the last quarter. Main Street Group LTD acquired a new stake in shares of Sprott Physical Platinum & Palladium Tr during the 1st quarter valued at $78,000. IMC Chicago LLC boosted its stake in shares of Sprott Physical Platinum & Palladium Tr by 36.5% during the 1st quarter. IMC Chicago LLC now owns 3,002,396 shares of the company’s stock worth $46,627,000 after acquiring an additional 803,590 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its stake in shares of Sprott Physical Platinum & Palladium Tr by 93.5% during the 1st quarter. International Assets Investment Management LLC now owns 139,518 shares of the company’s stock worth $2,176,000 after acquiring an additional 67,426 shares in the last quarter.

Sprott Physical Platinum & Palladium Tr Stock Performance

Shares of NYSEARCA SPPP opened at $14.24 on Friday. The stock’s fifty day simple moving average is $13.34 and its 200 day simple moving average is $15.55. Sprott Physical Platinum & Palladium Tr has a 52-week low of $11.57 and a 52-week 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.