Envestnet Asset Management Inc. Increases Stock Holdings in GraniteShares Platinum Trust $PLTM

Envestnet Asset Management Inc. boosted its stake in GraniteShares Platinum Trust (NYSEARCA:PLTM) by 7.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 111,684 shares of the company’s stock after buying an additional 8,038 shares during the quarter. Envestnet Asset Management Inc. owned approximately 1.71% of GraniteShares Platinum Trust worth $1,452,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Cetera Investment Advisers grew its stake in shares of GraniteShares Platinum Trust by 42.2% in the 1st quarter. Cetera Investment Advisers now owns 41,457 shares of the company’s stock worth $401,000 after acquiring an additional 12,293 shares in the last quarter. Freedom Investment Management Inc. purchased a new position in GraniteShares Platinum Trust during the first quarter worth about $159,000. Finally, Sovereign Financial Group Inc. bought a new stake in GraniteShares Platinum Trust in the 2nd quarter worth about $273,000.

GraniteShares Platinum Trust Trading Up 0.3%

NYSEARCA:PLTM opened at $14.87 on Thursday. GraniteShares Platinum Trust has a 52 week low of $8.72 and a 52 week high of $16.68. The firm has a 50-day moving average price of $14.99 and a two-hundred day moving average price of $13.21.

About GraniteShares Platinum Trust

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.