abrdn Physical Platinum Shares ETF (NYSEARCA:PPLT) Shares Gap Down – Time to Sell?

abrdn Physical Platinum Shares ETF (NYSEARCA:PPLT)’s share price gapped down prior to trading on Friday . The stock had previously closed at $120.54, but opened at $115.44. abrdn Physical Platinum Shares ETF shares last traded at $115.83, with a volume of 187,129 shares trading hands.

abrdn Physical Platinum Shares ETF Price Performance

The firm has a 50-day moving average price of $97.34 and a 200 day moving average price of $90.89.

Institutional Investors Weigh In On abrdn Physical Platinum Shares ETF

A number of large investors have recently added to or reduced their stakes in the stock. Cambridge Investment Research Advisors Inc. grew its position in abrdn Physical Platinum Shares ETF by 4.4% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 3,465 shares of the company’s stock worth $317,000 after buying an additional 145 shares in the last quarter. Commonwealth Equity Services LLC lifted its stake in abrdn Physical Platinum Shares ETF by 2.3% during the fourth quarter. Commonwealth Equity Services LLC now owns 7,121 shares of the company’s stock worth $591,000 after purchasing an additional 158 shares during the last quarter. Vanguard Capital Wealth Advisors lifted its stake in abrdn Physical Platinum Shares ETF by 6.8% during the fourth quarter. Vanguard Capital Wealth Advisors now owns 2,751 shares of the company’s stock worth $228,000 after purchasing an additional 175 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake 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 last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake 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 last quarter.

About abrdn 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.