Briaud Financial Planning Inc Boosts Holdings in abrdn Physical Platinum Shares ETF $PPLT

Briaud Financial Planning Inc lifted its position in shares of abrdn Physical Platinum Shares ETF (NYSEARCA:PPLT) by 896.1% during the second quarter, HoldingsChannel reports. The fund owned 66,240 shares of the company’s stock after acquiring an additional 59,590 shares during the quarter. abrdn Physical Platinum Shares ETF comprises 0.2% of Briaud Financial Planning Inc’s holdings, making the stock its 16th biggest position. Briaud Financial Planning Inc’s holdings in abrdn Physical Platinum Shares ETF were worth $936,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in PPLT. Goldman Sachs Group Inc. increased its position in abrdn Physical Platinum Shares ETF by 5,730.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 346,804 shares of the company’s stock worth $64,655,000 after purchasing an additional 340,856 shares during the period. Corient Private Wealth LLC raised its stake in shares of abrdn Physical Platinum Shares ETF by 12,472.1% during the 4th quarter. Corient Private Wealth LLC now owns 187,073 shares of the company’s stock worth $34,876,000 after buying an additional 185,585 shares in the last quarter. Proficio Capital Partners LLC lifted its holdings in shares of abrdn Physical Platinum Shares ETF by 286.0% in the 2nd quarter. Proficio Capital Partners LLC now owns 235,390 shares of the company’s stock valued at $3,326,000 after buying an additional 174,411 shares during the period. BNP Paribas Financial Markets lifted its holdings in shares of abrdn Physical Platinum Shares ETF by 135.3% in the 4th quarter. BNP Paribas Financial Markets now owns 174,974 shares of the company’s stock valued at $32,620,000 after buying an additional 100,602 shares during the period. Finally, Morgan Stanley boosted its stake in shares of abrdn Physical Platinum Shares ETF by 29.3% in the fourth quarter. Morgan Stanley now owns 326,667 shares of the company’s stock valued at $60,901,000 after buying an additional 74,090 shares in the last quarter. 20.03% of the stock is owned by hedge funds and other institutional investors.

abrdn Physical Platinum Shares ETF Stock Performance

abrdn Physical Platinum Shares ETF stock opened at $15.80 on Wednesday. The firm’s 50-day moving average is $15.28 and its 200-day moving average is $17.13. abrdn Physical Platinum Shares ETF has a 1 year low of $12.32 and a 1 year high of $26.16.

abrdn 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.