abrdn Physical Platinum Shares ETF (NYSEARCA:PPLT) Shares Gap Down – Here’s What Happened

Shares of abrdn Physical Platinum Shares ETF (NYSEARCA:PPLT) gapped down prior to trading on Thursday . The stock had previously closed at $201.41, but opened at $183.10. abrdn Physical Platinum Shares ETF shares last traded at $183.15, with a volume of 463,146 shares traded.

abrdn Physical Platinum Shares ETF Stock Performance

The business has a fifty day moving average of $193.93 and a two-hundred day moving average of $155.22.

Institutional Trading of abrdn Physical Platinum Shares ETF

Several large investors have recently bought and sold shares of PPLT. Abbington Investment Group bought a new position in abrdn Physical Platinum Shares ETF in the third quarter valued at about $3,253,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in abrdn Physical Platinum Shares ETF by 10.9% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,100 shares of the company’s stock worth $750,000 after acquiring an additional 600 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new position in abrdn Physical Platinum Shares ETF during the third quarter worth $405,000. Accordant Advisory Group Inc purchased a new stake in shares of abrdn Physical Platinum Shares ETF in the third quarter worth approximately $3,500,000. Finally, Janney Montgomery Scott LLC boosted its holdings in abrdn Physical Platinum Shares ETF by 7.8% during the 2nd quarter. Janney Montgomery Scott LLC now owns 12,428 shares of the company’s stock worth $1,527,000 after acquiring an additional 894 shares during the last quarter. 20.03% of the stock is owned by institutional investors and hedge funds.

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.