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

Arvest Investments Inc. lowered its stake in abrdn Physical Platinum Shares ETF (NYSEARCA:PPLT) by 60.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,603 shares of the company’s stock after selling 10,175 shares during the period. Arvest Investments Inc.’s holdings in abrdn Physical Platinum Shares ETF were worth $1,231,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Team Financial Group LLC bought a new position in shares of abrdn Physical Platinum Shares ETF during the 4th quarter valued at approximately $33,000. Ball & Co Wealth Management Inc. bought a new stake in abrdn Physical Platinum Shares ETF in the third quarter worth $34,000. Raleigh Capital Management Inc. purchased a new position in abrdn Physical Platinum Shares ETF during the third quarter worth $34,000. Geneos Wealth Management Inc. increased its position in abrdn Physical Platinum Shares ETF by 2,060.0% during the first 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 last quarter. Finally, Assetmark Inc. increased its position in abrdn Physical Platinum Shares ETF by 407.3% during the third quarter. Assetmark Inc. now owns 279 shares of the company’s stock valued at $40,000 after acquiring an additional 224 shares during the last quarter. 20.03% of the stock is owned by institutional investors.

abrdn Physical Platinum Shares ETF Price Performance

Shares of PPLT opened at $180.79 on Friday. The company’s fifty day simple moving average is $193.40 and its 200-day simple moving average is $173.67. abrdn Physical Platinum Shares ETF has a twelve month low of $82.79 and a twelve month high of $261.62.

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.