DAVENPORT & Co LLC Has $10.57 Million Holdings in abrdn Physical Platinum Shares ETF $PPLT

DAVENPORT & Co LLC increased its position in shares of abrdn Physical Platinum Shares ETF (NYSEARCA:PPLT) by 2,768.2% during the second quarter, Holdings Channel.com reports. The institutional investor owned 86,046 shares of the company’s stock after purchasing an additional 83,046 shares during the period. DAVENPORT & Co LLC’s holdings in abrdn Physical Platinum Shares ETF were worth $10,572,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. grew its position in shares of abrdn Physical Platinum Shares ETF by 4.4% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 3,465 shares of the company’s stock valued at $317,000 after acquiring an additional 145 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in abrdn Physical Platinum Shares ETF by 5.8% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,500 shares of the company’s stock worth $495,000 after purchasing an additional 300 shares during the period. Janney Montgomery Scott LLC grew its holdings in abrdn Physical Platinum Shares ETF by 2.1% during the first quarter. Janney Montgomery Scott LLC now owns 11,534 shares of the company’s stock worth $1,054,000 after purchasing an additional 238 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in abrdn Physical Platinum Shares ETF by 33.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,696 shares of the company’s stock worth $390,000 after buying an additional 1,179 shares during the last quarter. Finally, LPL Financial LLC raised its stake in abrdn Physical Platinum Shares ETF by 15.2% in the first quarter. LPL Financial LLC now owns 68,470 shares of the company’s stock valued at $6,256,000 after buying an additional 9,041 shares during the period. Institutional investors and hedge funds own 20.03% of the company’s stock.

abrdn Physical Platinum Shares ETF Trading Up 1.2%

Shares of NYSEARCA PPLT opened at $148.17 on Tuesday. abrdn Physical Platinum Shares ETF has a 12 month low of $82.35 and a 12 month high of $149.88. The stock has a 50 day moving average of $127.59 and a 200-day moving average of $111.92.

abrdn Physical Platinum Shares ETF 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.