Hollencrest Capital Management Has $19.52 Million Position in Aberdeen Standard Physical Platinum Shares ETF (NYSEARCA:PPLT)

Hollencrest Capital Management lessened its holdings in Aberdeen Standard Physical Platinum Shares ETF (NYSEARCA:PPLT) by 0.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 217,405 shares of the company’s stock after selling 475 shares during the period. Aberdeen Standard Physical Platinum Shares ETF makes up 0.8% of Hollencrest Capital Management’s portfolio, making the stock its 25th biggest position. Hollencrest Capital Management owned about 1.92% of Aberdeen Standard Physical Platinum Shares ETF worth $19,523,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Linden Thomas Advisory Services LLC grew its holdings in shares of Aberdeen Standard Physical Platinum Shares ETF by 5.2% in the 2nd quarter. Linden Thomas Advisory Services LLC now owns 2,838 shares of the company’s stock worth $260,000 after purchasing an additional 141 shares during the last quarter. Arlington Trust Co LLC bought a new stake in Aberdeen Standard Physical Platinum Shares ETF during the third quarter worth about $30,000. Brown Financial Advisors acquired a new stake in shares of Aberdeen Standard Physical Platinum Shares ETF during the second quarter worth approximately $31,000. Highline Wealth Partners LLC bought a new position in shares of Aberdeen Standard Physical Platinum Shares ETF in the third quarter valued at approximately $36,000. Finally, Prospector Partners LLC boosted its holdings in shares of Aberdeen Standard Physical Platinum Shares ETF by 0.6% in the 2nd quarter. Prospector Partners LLC now owns 92,175 shares of the company’s stock worth $8,431,000 after acquiring an additional 520 shares in the last quarter.

Aberdeen Standard Physical Platinum Shares ETF Trading Down 2.0 %

PPLT stock traded down $1.85 during midday trading on Friday, reaching $89.42. 58,927 shares of the company’s stock traded hands, compared to its average volume of 155,211. The company has a 50-day simple moving average of $90.09 and a two-hundred day simple moving average of $89.84. Aberdeen Standard Physical Platinum Shares ETF has a 1-year low of $77.68 and a 1-year high of $100.00.

Aberdeen Standard Physical Platinum Shares ETF 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.