abrdn Physical Platinum Shares ETF (NYSEARCA:PPLT) Shares Down 0.4% – Time to Sell?

abrdn Physical Platinum Shares ETF (NYSEARCA:PPLT) shares dropped 0.4% during trading on Wednesday. The stock traded as low as $15.35 and last traded at $15.41. Approximately 2,304,226 shares changed hands during trading, a decline of 50% from the average session volume of 4,598,315 shares. The stock had previously closed at $15.47.

abrdn Physical Platinum Shares ETF Trading Down 0.4%

The company has a fifty day simple moving average of $15.92 and a two-hundred day simple moving average of $16.64.

Institutional Trading of abrdn Physical Platinum Shares ETF

A number of large investors have recently made changes to their positions in the company. WIT Partners Advisory Pte. Ltd. lifted its stake in abrdn Physical Platinum Shares ETF by 2,314.0% in the second quarter. WIT Partners Advisory Pte. Ltd. now owns 554,491 shares of the company’s stock worth $7,835,000 after acquiring an additional 531,521 shares during the last quarter. CENTRAL TRUST Co increased its position in shares of abrdn Physical Platinum Shares ETF by 12.5% in the 1st quarter. CENTRAL TRUST Co now owns 358,153 shares of the company’s stock valued at $63,834,000 after purchasing an additional 39,841 shares during the last quarter. Proficio Capital Partners LLC raised its holdings in shares of abrdn Physical Platinum Shares ETF by 286.0% in the 2nd quarter. Proficio Capital Partners LLC now owns 235,390 shares of the company’s stock valued at $3,326,000 after purchasing an additional 174,411 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in shares of abrdn Physical Platinum Shares ETF by 135.3% in the 4th quarter. BNP Paribas Financial Markets now owns 174,974 shares of the company’s stock valued at $32,620,000 after purchasing an additional 100,602 shares in the last quarter. Finally, Confluence Investment Management LLC lifted its position in shares of abrdn Physical Platinum Shares ETF by 1,284.3% during the 2nd quarter. Confluence Investment Management LLC now owns 75,305 shares of the company’s stock worth $1,064,000 after purchasing an additional 69,865 shares during the last quarter. 20.03% of the stock is currently owned by hedge funds and other institutional investors.

About abrdn 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.