JPMorgan Chase & Co. Sells 19,297 Shares of abrdn Physical Platinum Shares ETF $PPLT

JPMorgan Chase & Co. trimmed its stake in shares of abrdn Physical Platinum Shares ETF (NYSEARCA:PPLT) by 44.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,402 shares of the company’s stock after selling 19,297 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.18% of abrdn Physical Platinum Shares ETF worth $3,487,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in PPLT. Keel Point LLC grew its stake in shares of abrdn Physical Platinum Shares ETF by 5.2% during the third quarter. Keel Point LLC now owns 17,295 shares of the company’s stock worth $2,471,000 after buying an additional 862 shares during the last quarter. Private Wealth Advisors LLC bought a new position in shares of abrdn Physical Platinum Shares ETF in the 3rd quarter valued at $1,432,000. CIBC Private Wealth Group LLC boosted its holdings in shares of abrdn Physical Platinum Shares ETF by 42.9% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,000 shares of the company’s stock valued at $143,000 after acquiring an additional 300 shares in the last quarter. Advisory Services Network LLC acquired a new stake in shares of abrdn Physical Platinum Shares ETF during the 3rd quarter valued at $52,000. Finally, NewEdge Advisors LLC bought a new stake in abrdn Physical Platinum Shares ETF during the 3rd quarter worth $143,000. Institutional investors own 20.03% of the company’s stock.

abrdn Physical Platinum Shares ETF Price Performance

Shares of PPLT opened at $180.79 on Friday. abrdn Physical Platinum Shares ETF has a 12-month low of $82.79 and a 12-month high of $261.62. The business has a 50-day simple moving average of $193.40 and a two-hundred day simple moving average of $174.00.

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.