abrdn Physical Platinum Shares ETF $PPLT Shares Purchased by Pekin Hardy Strauss Inc.

Pekin Hardy Strauss Inc. lifted its holdings in abrdn Physical Platinum Shares ETF (NYSEARCA:PPLT) by 90.4% during the third quarter, HoldingsChannel reports. The institutional investor owned 50,449 shares of the company’s stock after purchasing an additional 23,949 shares during the period. Pekin Hardy Strauss Inc.’s holdings in abrdn Physical Platinum Shares ETF were worth $7,208,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in PPLT. Benjamin Edwards Inc. grew its stake in shares of abrdn Physical Platinum Shares ETF by 2.5% in the third quarter. Benjamin Edwards Inc. now owns 3,063 shares of the company’s stock worth $438,000 after purchasing an additional 75 shares in the last quarter. Allworth Financial LP boosted its position in shares of abrdn Physical Platinum Shares ETF by 137.6% in the 2nd quarter. Allworth Financial LP now owns 297 shares of the company’s stock valued at $36,000 after purchasing an additional 172 shares during the period. Geneos Wealth Management Inc. raised its holdings in shares of abrdn Physical Platinum Shares ETF by 43.1% during the second quarter. Geneos Wealth Management Inc. now owns 618 shares of the company’s stock valued at $76,000 after acquiring an additional 186 shares during the period. Assetmark Inc. lifted its stake in abrdn Physical Platinum Shares ETF by 407.3% in the 3rd quarter. Assetmark Inc. now owns 279 shares of the company’s stock worth $40,000 after acquiring an additional 224 shares in the last quarter. Finally, Raleigh Capital Management Inc. acquired a new stake in shares of abrdn Physical Platinum Shares ETF during the 3rd quarter valued at $34,000. Institutional investors and hedge funds own 20.03% of the company’s stock.

abrdn Physical Platinum Shares ETF Stock Performance

NYSEARCA PPLT opened at $188.45 on Friday. The stock’s 50-day moving average is $202.09 and its two-hundred day moving average is $159.78. abrdn Physical Platinum Shares ETF has a fifty-two week low of $82.79 and a fifty-two week high of $261.62.

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.