Brookstone Capital Management Grows Stake in abrdn Physical Platinum Shares ETF $PPLT

Brookstone Capital Management grew its holdings in shares of abrdn Physical Platinum Shares ETF (NYSEARCA:PPLT) by 121.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,571 shares of the company’s stock after buying an additional 3,056 shares during the period. Brookstone Capital Management’s holdings in abrdn Physical Platinum Shares ETF were worth $796,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PPLT. Ancora Advisors LLC boosted its holdings in abrdn Physical Platinum Shares ETF by 4.6% in the first quarter. Ancora Advisors LLC now owns 14,870 shares of the company’s stock valued at $1,359,000 after acquiring an additional 660 shares in the last quarter. AlTi Global Inc. boosted its stake in shares of abrdn Physical Platinum Shares ETF by 100.0% during the 1st quarter. AlTi Global Inc. now owns 6,600 shares of the company’s stock valued at $603,000 after purchasing an additional 3,300 shares in the last quarter. Mountain Lake Investment Management LLC boosted its stake in shares of abrdn Physical Platinum Shares ETF by 16.3% during the 1st quarter. Mountain Lake Investment Management LLC now owns 13,960 shares of the company’s stock valued at $1,276,000 after purchasing an additional 1,960 shares in the last quarter. Geneos Wealth Management Inc. increased its position in shares of abrdn Physical Platinum Shares ETF by 2,060.0% during the first quarter. Geneos Wealth Management Inc. now owns 432 shares of the company’s stock valued at $39,000 after buying an additional 412 shares during the period. Finally, Gradient Investments LLC raised its stake in abrdn Physical Platinum Shares ETF by 6.5% in the second quarter. Gradient Investments LLC now owns 44,523 shares of the company’s stock worth $5,471,000 after buying an additional 2,709 shares in the last quarter. Institutional investors own 20.03% of the company’s stock.

abrdn Physical Platinum Shares ETF Stock Performance

Shares of PPLT opened at $192.78 on Tuesday. The company has a 50-day simple moving average of $155.06 and a two-hundred day simple moving average of $138.04. abrdn Physical Platinum Shares ETF has a one year low of $82.35 and a one year high of $225.71.

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.