Aberdeen Standard Physical Platinum Shares ETF (NYSEARCA:PPLT) Sees Unusually-High Trading Volume

Shares of Aberdeen Standard Physical Platinum Shares ETF (NYSEARCA:PPLT) saw unusually-high trading volume on Wednesday . Approximately 95,036 shares were traded during trading, a decline of 36% from the previous session’s volume of 148,393 shares.The stock last traded at $92.84 and had previously closed at $91.10.

Aberdeen Standard Physical Platinum Shares ETF Price Performance

The stock has a 50-day moving average of $87.49 and a 200-day moving average of $88.78.

Institutional Investors Weigh In On Aberdeen Standard Physical Platinum Shares ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PPLT. Herr Investment Group LLC boosted its stake in shares of Aberdeen Standard Physical Platinum Shares ETF by 169.5% during the 1st quarter. Herr Investment Group LLC now owns 372,855 shares of the company’s stock worth $31,152,000 after buying an additional 234,494 shares during the last quarter. Jane Street Group LLC boosted its position in Aberdeen Standard Physical Platinum Shares ETF by 98.8% during the first quarter. Jane Street Group LLC now owns 141,698 shares of the company’s stock valued at $11,839,000 after purchasing an additional 70,437 shares during the last quarter. Caxton Associates LP grew its stake in Aberdeen Standard Physical Platinum Shares ETF by 111.2% in the first quarter. Caxton Associates LP now owns 119,410 shares of the company’s stock valued at $9,977,000 after purchasing an additional 62,862 shares in the last quarter. Virtu Financial LLC increased its position in shares of Aberdeen Standard Physical Platinum Shares ETF by 253.6% during the 4th quarter. Virtu Financial LLC now owns 44,468 shares of the company’s stock worth $4,054,000 after purchasing an additional 31,893 shares during the last quarter. Finally, SG Americas Securities LLC raised its stake in shares of Aberdeen Standard Physical Platinum Shares ETF by 27.7% during the 1st quarter. SG Americas Securities LLC now owns 76,055 shares of the company’s stock worth $6,354,000 after purchasing an additional 16,500 shares in the last quarter.

About Aberdeen Standard 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.