Aberdeen Standard Physical Platinum Shares ETF (NYSEARCA:PPLT) Sees Unusually-High Trading Volume – What’s Next?

Shares of Aberdeen Standard Physical Platinum Shares ETF (NYSEARCA:PPLT) saw unusually-strong trading volume on Tuesday . Approximately 61,677 shares were traded during mid-day trading, a decline of 61% from the previous session’s volume of 156,749 shares.The stock last traded at $85.05 and had previously closed at $86.01.

Aberdeen Standard Physical Platinum Shares ETF Stock Performance

The stock’s fifty day moving average is $90.32 and its 200-day moving average is $89.95.

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. Jane Street Group LLC boosted its position in shares of Aberdeen Standard Physical Platinum Shares ETF by 98.8% in the first quarter. Jane Street Group LLC now owns 141,698 shares of the company’s stock valued at $11,839,000 after acquiring an additional 70,437 shares during the period. Linden Thomas Advisory Services LLC grew its position in Aberdeen Standard Physical Platinum Shares ETF by 5.2% during the second quarter. Linden Thomas Advisory Services LLC now owns 2,838 shares of the company’s stock worth $260,000 after buying an additional 141 shares in the last quarter. Granite Bay Wealth Management LLC bought a new stake in shares of Aberdeen Standard Physical Platinum Shares ETF during the 2nd quarter valued at $352,000. Wealth Enhancement Advisory Services LLC bought a new position in shares of Aberdeen Standard Physical Platinum Shares ETF in the second quarter worth $218,000. Finally, Gradient Investments LLC raised its stake in Aberdeen Standard Physical Platinum Shares ETF by 2.2% in the second quarter. Gradient Investments LLC now owns 61,388 shares of the company’s stock valued at $5,615,000 after purchasing an additional 1,310 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.