abrdn Physical Platinum Shares ETF (NYSEARCA:PPLT) Shares Gap Down – Should You Sell?

abrdn Physical Platinum Shares ETF (NYSEARCA:PPLT)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $191.57, but opened at $186.37. abrdn Physical Platinum Shares ETF shares last traded at $186.52, with a volume of 48,110 shares traded.

abrdn Physical Platinum Shares ETF Stock Performance

The firm’s 50-day simple moving average is $188.53 and its two-hundred day simple moving average is $175.94.

Institutional Trading of abrdn Physical Platinum Shares ETF

Several large investors have recently bought and sold shares of PPLT. Goldman Sachs Group Inc. grew its position in abrdn Physical Platinum Shares ETF by 5,730.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 346,804 shares of the company’s stock worth $64,655,000 after purchasing an additional 340,856 shares during the last quarter. Corient Private Wealth LLC grew its position in abrdn Physical Platinum Shares ETF by 12,472.1% during the 4th quarter. Corient Private Wealth LLC now owns 187,073 shares of the company’s stock worth $34,876,000 after purchasing an additional 185,585 shares during the last quarter. BNP Paribas Financial Markets grew its position in abrdn Physical Platinum Shares ETF by 135.3% during the 4th quarter. BNP Paribas Financial Markets now owns 174,974 shares of the company’s stock worth $32,620,000 after purchasing an additional 100,602 shares during the last quarter. Morgan Stanley grew its position in abrdn Physical Platinum Shares ETF by 29.3% during the 4th quarter. Morgan Stanley now owns 326,667 shares of the company’s stock worth $60,901,000 after purchasing an additional 74,090 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in abrdn Physical Platinum Shares ETF by 247.0% during the 4th quarter. JPMorgan Chase & Co. now owns 84,669 shares of the company’s stock worth $15,785,000 after purchasing an additional 60,267 shares during the last quarter. Hedge funds and other institutional investors own 20.03% of the company’s stock.

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.