Aberdeen Standard Physical Platinum Shares ETF (NYSEARCA:PPLT) Sees Large Volume Increase

Aberdeen Standard Physical Platinum Shares ETF (NYSEARCA:PPLT) shares saw unusually-strong trading volume on Wednesday . Approximately 58,012 shares changed hands during mid-day trading, a decline of 58% from the previous session’s volume of 137,977 shares.The stock last traded at $87.94 and had previously closed at $88.29.

Aberdeen Standard Physical Platinum Shares ETF Stock Down 0.2 %

The company has a fifty day simple moving average of $84.25 and a two-hundred day simple moving average of $84.38.

Hedge Funds Weigh In On Aberdeen Standard Physical Platinum Shares ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Barclays PLC bought a new position in shares of Aberdeen Standard Physical Platinum Shares ETF in the 1st quarter valued at $28,000. Strategic Investment Solutions Inc. IL bought a new position in shares of Aberdeen Standard Physical Platinum Shares ETF in the 1st quarter valued at $29,000. Tower Research Capital LLC TRC bought a new position in shares of Aberdeen Standard Physical Platinum Shares ETF in the 1st quarter valued at $33,000. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its stake in shares of Aberdeen Standard Physical Platinum Shares ETF by 95.1% in the 4th quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 439 shares of the company’s stock valued at $44,000 after purchasing an additional 214 shares during the last quarter. Finally, Geneos Wealth Management Inc. bought a new position in shares of Aberdeen Standard Physical Platinum Shares ETF in the 4th quarter valued at $56,000.

Aberdeen Standard 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.