Hedges Asset Management LLC Invests $922,000 in Aberdeen Standard Physical Platinum Shares ETF (NYSEARCA:PPLT)

Hedges Asset Management LLC acquired a new stake in shares of Aberdeen Standard Physical Platinum Shares ETF (NYSEARCA:PPLT) during the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 11,100 shares of the company’s stock, valued at approximately $922,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Arlington Trust Co LLC bought a new position in Aberdeen Standard Physical Platinum Shares ETF in the 3rd quarter valued at $30,000. Brown Financial Advisors bought a new stake in Aberdeen Standard Physical Platinum Shares ETF during the second quarter valued at $31,000. Highline Wealth Partners LLC purchased a new position in Aberdeen Standard Physical Platinum Shares ETF during the third quarter worth about $36,000. Avior Wealth Management LLC increased its stake in Aberdeen Standard Physical Platinum Shares ETF by 150.6% in the 4th quarter. Avior Wealth Management LLC now owns 897 shares of the company’s stock worth $74,000 after acquiring an additional 539 shares during the last quarter. Finally, Blue Trust Inc. purchased a new stake in shares of Aberdeen Standard Physical Platinum Shares ETF in the 3rd quarter valued at about $64,000.

Aberdeen Standard Physical Platinum Shares ETF Trading Up 0.0 %

Shares of PPLT opened at $86.83 on Friday. Aberdeen Standard Physical Platinum Shares ETF has a 12-month low of $80.09 and a 12-month high of $100.00. The stock has a 50-day moving average price of $86.01 and a 200-day moving average price of $87.98.

About Aberdeen Standard 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.