Woodward Diversified Capital LLC Reduces Position in abrdn Physical Platinum Shares ETF $PPLT

Woodward Diversified Capital LLC lessened its stake in shares of abrdn Physical Platinum Shares ETF (NYSEARCA:PPLT) by 76.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,152 shares of the company’s stock after selling 3,653 shares during the quarter. Woodward Diversified Capital LLC’s holdings in abrdn Physical Platinum Shares ETF were worth $215,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Benjamin Edwards Inc. boosted its stake in abrdn Physical Platinum Shares ETF by 2.5% during the third quarter. Benjamin Edwards Inc. now owns 3,063 shares of the company’s stock worth $438,000 after buying an additional 75 shares during the period. Compound Planning Inc. raised its stake in shares of abrdn Physical Platinum Shares ETF by 0.9% in the third quarter. Compound Planning Inc. now owns 9,136 shares of the company’s stock valued at $1,305,000 after acquiring an additional 83 shares during the period. MAI Capital Management lifted its holdings in shares of abrdn Physical Platinum Shares ETF by 34.1% in the 3rd quarter. MAI Capital Management now owns 492 shares of the company’s stock worth $70,000 after acquiring an additional 125 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of abrdn Physical Platinum Shares ETF by 3.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,304 shares of the company’s stock worth $989,000 after purchasing an additional 170 shares during the period. Finally, Team Financial Group LLC bought a new position in abrdn Physical Platinum Shares ETF during the 4th quarter valued at about $33,000. 20.03% of the stock is owned by hedge funds and other institutional investors.

abrdn Physical Platinum Shares ETF Stock Performance

Shares of NYSEARCA PPLT opened at $169.40 on Monday. abrdn Physical Platinum Shares ETF has a fifty-two week low of $82.79 and a fifty-two week high of $261.62. The business’s 50 day moving average price is $198.64 and its 200-day moving average price is $172.53.

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.