DAVENPORT & Co LLC Lowers Holdings in abrdn Physical Platinum Shares ETF $PPLT

DAVENPORT & Co LLC trimmed its stake in shares of abrdn Physical Platinum Shares ETF (NYSEARCA:PPLT) by 92.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,600 shares of the company’s stock after selling 79,446 shares during the period. DAVENPORT & Co LLC’s holdings in abrdn Physical Platinum Shares ETF were worth $943,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of abrdn Physical Platinum Shares ETF by 10.9% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,100 shares of the company’s stock worth $750,000 after purchasing an additional 600 shares during the period. Janney Montgomery Scott LLC boosted its holdings in abrdn Physical Platinum Shares ETF by 7.8% during the second quarter. Janney Montgomery Scott LLC now owns 12,428 shares of the company’s stock worth $1,527,000 after buying an additional 894 shares in the last quarter. Axxcess Wealth Management LLC acquired a new stake in abrdn Physical Platinum Shares ETF during the second quarter valued at $271,000. Intrepid Family Office LLC purchased a new position in abrdn Physical Platinum Shares ETF in the second quarter valued at $6,144,000. Finally, Vanguard Capital Wealth Advisors increased its holdings in abrdn Physical Platinum Shares ETF by 739.7% in the second quarter. Vanguard Capital Wealth Advisors now owns 22,118 shares of the company’s stock valued at $2,718,000 after buying an additional 19,484 shares in the last quarter. 20.03% of the stock is currently owned by hedge funds and other institutional investors.

abrdn Physical Platinum Shares ETF Price Performance

PPLT stock opened at $220.14 on Monday. The company’s 50-day simple moving average is $154.20 and its 200-day simple moving average is $137.51. abrdn Physical Platinum Shares ETF has a 52-week low of $82.35 and a 52-week high of $225.71.

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.