Sprott Inc. Increases Position in Sprott Physical Platinum & Palladium Tr (NYSEARCA:SPPP)

Sprott Inc. lifted its stake in Sprott Physical Platinum & Palladium Tr (NYSEARCA:SPPP) by 68.6% in the 4th quarter, HoldingsChannel reports. The fund owned 142,607 shares of the company’s stock after purchasing an additional 58,002 shares during the quarter. Sprott Inc.’s holdings in Sprott Physical Platinum & Palladium Tr were worth $1,268,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in SPPP. IMC Chicago LLC acquired a new stake in Sprott Physical Platinum & Palladium Tr in the fourth quarter valued at approximately $1,702,000. Financial Enhancement Group LLC purchased a new stake in shares of Sprott Physical Platinum & Palladium Tr during the 4th quarter valued at $1,041,000. Jane Street Group LLC boosted its position in shares of Sprott Physical Platinum & Palladium Tr by 58.4% in the 3rd quarter. Jane Street Group LLC now owns 45,115 shares of the company’s stock worth $443,000 after purchasing an additional 16,626 shares in the last quarter. Stifel Financial Corp grew its stake in Sprott Physical Platinum & Palladium Tr by 23.1% during the 3rd quarter. Stifel Financial Corp now owns 71,546 shares of the company’s stock worth $703,000 after buying an additional 13,435 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in Sprott Physical Platinum & Palladium Tr during the 3rd quarter valued at about $107,000.

Sprott Physical Platinum & Palladium Tr Price Performance

Shares of NYSEARCA SPPP opened at $9.41 on Wednesday. Sprott Physical Platinum & Palladium Tr has a fifty-two week low of $8.69 and a fifty-two week high of $11.39. The business has a 50-day simple moving average of $9.40 and a two-hundred day simple moving average of $9.67.

Sprott Physical Platinum & Palladium Tr Profile

Sprott Physical Platinum and Palladium Trust is an exchange traded commodity launched and managed by Sprott Asset Management, LP. The fund invests in commodity markets. It invests in physical platinum and palladium bullion in Good Delivery plate or ingot form. Sprott Physical Platinum and Palladium Trust was formed on December 23, 2011 and is domiciled in Canada.