Aberdeen Standard Physical Platinum Shares ETF (NYSEARCA:PPLT) Shares Gap Up to $90.73

Aberdeen Standard Physical Platinum Shares ETF (NYSEARCA:PPLT) gapped up before the market opened on Friday . The stock had previously closed at $90.73, but opened at $92.81. Aberdeen Standard Physical Platinum Shares ETF shares last traded at $92.73, with a volume of 21,055 shares.

Aberdeen Standard Physical Platinum Shares ETF Stock Up 1.4 %

The stock has a 50 day moving average of $90.81 and a 200-day moving average of $87.07.

Institutional Investors Weigh In On Aberdeen Standard Physical Platinum Shares ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Hsbc Holdings PLC grew its holdings in Aberdeen Standard Physical Platinum Shares ETF by 12.0% during the 3rd quarter. Hsbc Holdings PLC now owns 9,800 shares of the company’s stock valued at $819,000 after buying an additional 1,050 shares in the last quarter. Stifel Financial Corp lifted its position in Aberdeen Standard Physical Platinum Shares ETF by 127.3% in the 3rd quarter. Stifel Financial Corp now owns 62,825 shares of the company’s stock worth $5,253,000 after buying an additional 35,187 shares during the last quarter. Scotia Capital Inc. lifted its position in Aberdeen Standard Physical Platinum Shares ETF by 3.9% in the 3rd quarter. Scotia Capital Inc. now owns 4,183 shares of the company’s stock worth $350,000 after buying an additional 157 shares during the last quarter. SG Americas Securities LLC lifted its position in Aberdeen Standard Physical Platinum Shares ETF by 0.8% in the 4th quarter. SG Americas Securities LLC now owns 59,555 shares of the company’s stock worth $5,429,000 after buying an additional 500 shares during the last quarter. Finally, Arvest Investments Inc. bought a new stake in Aberdeen Standard Physical Platinum Shares ETF in the 4th quarter worth approximately $1,765,000.

About Aberdeen Standard 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.