Rakuten Investment Management Inc. Makes New Investment in abrdn Physical Platinum Shares ETF $PPLT

Rakuten Investment Management Inc. acquired a new stake in shares of abrdn Physical Platinum Shares ETF (NYSEARCA:PPLT) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 2,048,480 shares of the company’s stock, valued at approximately $31,690,000. Rakuten Investment Management Inc. owned approximately 1.56% of abrdn Physical Platinum Shares ETF as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the stock. Bank Julius Baer & Co. Ltd Zurich grew its position in abrdn Physical Platinum Shares ETF by 17.1% in the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 71,879 shares of the company’s stock worth $1,111,000 after acquiring an additional 10,496 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in abrdn Physical Platinum Shares ETF in the third quarter valued at $1,541,000. Cidel Asset Management Inc. purchased a new stake in abrdn Physical Platinum Shares ETF during the third quarter valued at about $258,000. MGO One Seven LLC raised its position in abrdn Physical Platinum Shares ETF by 10.9% during the third quarter. MGO One Seven LLC now owns 17,407 shares of the company’s stock valued at $268,000 after purchasing an additional 1,707 shares in the last quarter. Finally, Convergence Financial LLC bought a new stake in abrdn Physical Platinum Shares ETF during the third quarter worth about $236,000. 20.03% of the stock is owned by institutional investors.

abrdn Physical Platinum Shares ETF Stock Down 1.9%

Shares of PPLT stock opened at $12.82 on Wednesday. The business has a 50-day moving average price of $15.39 and a two-hundred day moving average price of $17.13. abrdn Physical Platinum Shares ETF has a 12-month low of $12.80 and a 12-month high of $26.16.

abrdn Physical Platinum Shares ETF 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.