Arvest Investments Inc. Decreases Stock Position in abrdn Physical Platinum Shares ETF $PPLT

Arvest Investments Inc. cut its holdings in abrdn Physical Platinum Shares ETF (NYSEARCA:PPLT) by 23.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,778 shares of the company’s stock after selling 5,006 shares during the quarter. Arvest Investments Inc. owned 0.12% of abrdn Physical Platinum Shares ETF worth $2,397,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. West Oak Capital LLC purchased a new position in shares of abrdn Physical Platinum Shares ETF in the second quarter worth $33,000. Allworth Financial LP increased its holdings in abrdn Physical Platinum Shares ETF by 137.6% in the 2nd quarter. Allworth Financial LP now owns 297 shares of the company’s stock worth $36,000 after buying an additional 172 shares in the last quarter. MAI Capital Management raised its position in abrdn Physical Platinum Shares ETF by 252.9% in the 2nd quarter. MAI Capital Management now owns 367 shares of the company’s stock worth $45,000 after buying an additional 263 shares during the last quarter. Geneos Wealth Management Inc. lifted its stake in abrdn Physical Platinum Shares ETF by 2,060.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 432 shares of the company’s stock valued at $39,000 after acquiring an additional 412 shares during the period. Finally, Ridgewood Investments LLC bought a new position in abrdn Physical Platinum Shares ETF during the 2nd quarter valued at about $71,000. Institutional investors own 20.03% of the company’s stock.

abrdn Physical Platinum Shares ETF Stock Up 2.5%

Shares of NYSEARCA PPLT opened at $179.66 on Monday. The firm’s 50-day moving average price is $148.64 and its 200-day moving average price is $134.13. abrdn Physical Platinum Shares ETF has a 52-week low of $82.35 and a 52-week high of $180.46.

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.