Fortis Capital Advisors LLC Takes $846,000 Position in abrdn Physical Platinum Shares ETF $PPLT

Fortis Capital Advisors LLC acquired a new stake in abrdn Physical Platinum Shares ETF (NYSEARCA:PPLT) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 4,537 shares of the company’s stock, valued at approximately $846,000.

Several other hedge funds have also added to or reduced their stakes in the business. HHM Wealth Advisors LLC acquired a new position in abrdn Physical Platinum Shares ETF in the 4th quarter valued at approximately $25,000. Team Financial Group LLC acquired a new position in shares of abrdn Physical Platinum Shares ETF during the fourth quarter worth $33,000. Ball & Co Wealth Management Inc. acquired a new position in shares of abrdn Physical Platinum Shares ETF during the third quarter worth $34,000. Raleigh Capital Management Inc. bought a new stake in shares of abrdn Physical Platinum Shares ETF in the third quarter worth $34,000. Finally, Geneos Wealth Management Inc. grew its stake in shares of abrdn Physical Platinum Shares ETF by 2,060.0% in the first quarter. Geneos Wealth Management Inc. now owns 432 shares of the company’s stock worth $39,000 after purchasing an additional 412 shares during the last quarter. 20.03% of the stock is currently owned by institutional investors and hedge funds.

abrdn Physical Platinum Shares ETF Stock Performance

NYSEARCA PPLT opened at $189.31 on Tuesday. abrdn Physical Platinum Shares ETF has a twelve month low of $87.40 and a twelve month high of $261.62. The stock has a fifty day simple moving average of $188.09 and a 200 day simple moving average of $178.25.

abrdn Physical Platinum Shares ETF Company Profile

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.