GraniteShares Platinum Trust (NYSEARCA:PLTM) Shares Up 3.2% – Here’s What Happened

GraniteShares Platinum Trust (NYSEARCA:PLTM) traded up 3.2% during trading on Wednesday . The stock traded as high as $25.94 and last traded at $25.93. 2,922,928 shares traded hands during mid-day trading, an increase of 28% from the average session volume of 2,275,268 shares. The stock had previously closed at $25.13.

GraniteShares Platinum Trust Stock Up 3.2%

The stock’s 50 day moving average is $19.82 and its two-hundred day moving average is $16.14.

Institutional Trading of GraniteShares Platinum Trust

Several large investors have recently added to or reduced their stakes in PLTM. PCG Wealth Advisors LLC purchased a new stake in shares of GraniteShares Platinum Trust in the 3rd quarter valued at approximately $2,580,000. RFG Advisory LLC acquired a new position in GraniteShares Platinum Trust in the third quarter valued at approximately $1,352,000. Quadrature Capital Ltd acquired a new position in GraniteShares Platinum Trust in the third quarter valued at approximately $1,116,000. Wealth Watch Advisors INC grew its position in GraniteShares Platinum Trust by 108.2% in the third quarter. Wealth Watch Advisors INC now owns 140,853 shares of the company’s stock worth $2,128,000 after acquiring an additional 73,202 shares during the period. Finally, Raymond James Financial Inc. increased its stake in GraniteShares Platinum Trust by 41.8% during the second quarter. Raymond James Financial Inc. now owns 201,496 shares of the company’s stock worth $2,619,000 after acquiring an additional 59,392 shares during the last quarter.

GraniteShares Platinum Trust Company Profile

The GraniteShares Platinum Trust (PLTM) 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 and liabilities, using physically held platinum. PLTM was launched on Jan 22, 2018 and is managed by GraniteShares.