AMG National Trust Bank Lowers Stock Position in abrdn Physical Platinum Shares ETF $PPLT

AMG National Trust Bank reduced its stake in abrdn Physical Platinum Shares ETF (NYSEARCA:PPLT) by 48.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,916 shares of the company’s stock after selling 4,547 shares during the quarter. AMG National Trust Bank’s holdings in abrdn Physical Platinum Shares ETF were worth $604,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of PPLT. Cambridge Investment Research Advisors Inc. raised its stake in abrdn Physical Platinum Shares ETF by 4.4% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 3,465 shares of the company’s stock valued at $317,000 after purchasing an additional 145 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in abrdn Physical Platinum Shares ETF by 5.8% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,500 shares of the company’s stock valued at $495,000 after purchasing an additional 300 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in abrdn Physical Platinum Shares ETF by 22.3% in the first quarter. Envestnet Asset Management Inc. now owns 12,562 shares of the company’s stock valued at $1,148,000 after purchasing an additional 2,293 shares in the last quarter. Pekin Hardy Strauss Inc. raised its stake in abrdn Physical Platinum Shares ETF by 2.7% in the first quarter. Pekin Hardy Strauss Inc. now owns 12,169 shares of the company’s stock valued at $1,112,000 after purchasing an additional 318 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC raised its stake in abrdn Physical Platinum Shares ETF by 8.6% in the first quarter. Linden Thomas Advisory Services LLC now owns 4,044 shares of the company’s stock valued at $370,000 after purchasing an additional 319 shares in the last quarter. 20.03% of the stock is owned by hedge funds and other institutional investors.

abrdn Physical Platinum Shares ETF Trading Down 2.3%

Shares of NYSEARCA PPLT opened at $143.54 on Friday. abrdn Physical Platinum Shares ETF has a one year low of $82.35 and a one year high of $157.85. The firm’s 50 day simple moving average is $137.39 and its two-hundred day simple moving average is $119.93.

abrdn 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.