Aberdeen Standard Physical Platinum Shares ETF (NYSEARCA:PPLT) Sees Strong Trading Volume – Time to Buy?

Aberdeen Standard Physical Platinum Shares ETF (NYSEARCA:PPLT) saw an uptick in trading volume on Tuesday . 61,677 shares changed hands during trading, a decline of 61% from the previous session’s volume of 156,749 shares.The stock last traded at $85.05 and had previously closed at $86.01.

Aberdeen Standard Physical Platinum Shares ETF Trading Up 0.2 %

The company has a 50-day moving average price of $90.15 and a 200-day moving average price of $89.87.

Hedge Funds Weigh In On Aberdeen Standard Physical Platinum Shares ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PPLT. Arlington Trust Co LLC purchased a new stake in shares of Aberdeen Standard Physical Platinum Shares ETF during the 3rd quarter worth approximately $30,000. Brown Financial Advisors acquired a new stake in Aberdeen Standard Physical Platinum Shares ETF during the 2nd quarter worth $31,000. Highline Wealth Partners LLC purchased a new stake in Aberdeen Standard Physical Platinum Shares ETF in the third quarter valued at $36,000. Blue Trust Inc. acquired a new position in Aberdeen Standard Physical Platinum Shares ETF in the third quarter valued at $64,000. Finally, Mechanics Financial Corp purchased a new position in shares of Aberdeen Standard Physical Platinum Shares ETF during the second quarter worth about $91,000.

Aberdeen Standard 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.