Confluence Investment Management LLC Purchases 69,865 Shares of abrdn Physical Platinum Shares ETF $PPLT

Confluence Investment Management LLC grew its holdings in abrdn Physical Platinum Shares ETF (NYSEARCA:PPLT) by 1,284.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 75,305 shares of the company’s stock after purchasing an additional 69,865 shares during the quarter. Confluence Investment Management LLC’s holdings in abrdn Physical Platinum Shares ETF were worth $1,064,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in PPLT. Geneos Wealth Management Inc. boosted its stake in abrdn Physical Platinum Shares ETF by 2,060.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 432 shares of the company’s stock valued at $39,000 after purchasing an additional 412 shares during the period. Betterment LLC bought a new position in abrdn Physical Platinum Shares ETF in the 2nd quarter worth approximately $211,000. Raymond James Financial Inc. increased its position in abrdn Physical Platinum Shares ETF by 188.5% in the 2nd quarter. Raymond James Financial Inc. now owns 63,278 shares of the company’s stock worth $7,775,000 after buying an additional 41,348 shares during the period. Ameriprise Financial Inc. acquired a new position in shares of abrdn Physical Platinum Shares ETF during the second quarter worth approximately $647,000. Finally, Benjamin Edwards Inc. acquired a new position in shares of abrdn Physical Platinum Shares ETF during the second quarter worth approximately $367,000. 20.03% of the stock is currently owned by institutional investors.

abrdn Physical Platinum Shares ETF Price Performance

PPLT opened at $15.74 on Wednesday. abrdn Physical Platinum Shares ETF has a 1-year low of $11.86 and a 1-year high of $26.16. The business has a 50 day moving average of $15.29 and a 200-day moving average of $17.91.

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.