Brookstone Capital Management Purchases New Position in abrdn Physical Platinum Shares ETF $PPLT

Brookstone Capital Management acquired a new stake in abrdn Physical Platinum Shares ETF (NYSEARCA:PPLT) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 2,515 shares of the company’s stock, valued at approximately $309,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Stratos Wealth Partners LTD. increased its position in shares of abrdn Physical Platinum Shares ETF by 7.5% in the second quarter. Stratos Wealth Partners LTD. now owns 10,649 shares of the company’s stock valued at $1,308,000 after buying an additional 741 shares in the last quarter. Axxcess Wealth Management LLC purchased a new stake in shares of abrdn Physical Platinum Shares ETF in the second quarter valued at approximately $271,000. WMG Financial Advisors LLC purchased a new stake in shares of abrdn Physical Platinum Shares ETF in the second quarter valued at approximately $297,000. Lansing Street Advisors purchased a new stake in shares of abrdn Physical Platinum Shares ETF in the second quarter valued at approximately $228,000. Finally, Capital Advisors Inc. OK purchased a new stake in shares of abrdn Physical Platinum Shares ETF in the second quarter valued at approximately $303,000. 20.03% of the stock is currently owned by hedge funds and other institutional investors.

abrdn Physical Platinum Shares ETF Stock Up 0.3%

Shares of NYSEARCA:PPLT opened at $144.68 on Wednesday. The business’s 50 day moving average price is $136.07 and its 200-day moving average price is $118.71. abrdn Physical Platinum Shares ETF has a 1 year low of $82.35 and a 1 year high of $157.85.

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.