Aberdeen Standard Physical Platinum Shares ETF (NYSEARCA:PPLT) Sees Strong Trading Volume – Still a Buy?

Aberdeen Standard Physical Platinum Shares ETF (NYSEARCA:PPLT) saw unusually-strong trading volume on Tuesday . Approximately 61,677 shares were traded during trading, a decline of 61% from the previous session’s volume of 156,749 shares.The stock last traded at $85.05 and had previously closed at $86.01.

Aberdeen Standard Physical Platinum Shares ETF Stock Performance

The company’s 50-day moving average price is $90.15 and its 200-day moving average price is $89.87.

Institutional Investors Weigh In On Aberdeen Standard Physical Platinum Shares ETF

Hedge funds have recently added to or reduced their stakes in the business. Arlington Trust Co LLC acquired a new stake in Aberdeen Standard Physical Platinum Shares ETF in the 3rd quarter valued at about $30,000. Brown Financial Advisors acquired a new stake in Aberdeen Standard Physical Platinum Shares ETF in the second quarter valued at approximately $31,000. Highline Wealth Partners LLC purchased a new position in Aberdeen Standard Physical Platinum Shares ETF in the third quarter worth approximately $36,000. Blue Trust Inc. acquired a new position in Aberdeen Standard Physical Platinum Shares ETF during the 3rd quarter worth approximately $64,000. Finally, Mechanics Financial Corp purchased a new stake in shares of Aberdeen Standard Physical Platinum Shares ETF in the 2nd quarter valued at approximately $91,000.

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.