GraniteShares Platinum Trust (NYSEARCA:PLTM – Get Free Report)’s share price shot up 3.2% during trading on Wednesday . The stock traded as high as $25.94 and last traded at $25.93. 2,922,928 shares changed hands during mid-day trading, an increase of 28% from the average session volume of 2,275,268 shares. The stock had previously closed at $25.13.
GraniteShares Platinum Trust Price Performance
The firm’s fifty day moving average is $19.82 and its 200-day moving average is $16.14.
Hedge Funds Weigh In On GraniteShares Platinum Trust
A number of hedge funds have recently made changes to their positions in PLTM. Journey Strategic Wealth LLC purchased a new position in shares of GraniteShares Platinum Trust during the second quarter worth $230,000. Sovereign Financial Group Inc. acquired a new position in GraniteShares Platinum Trust during the 2nd quarter worth about $273,000. Envestnet Asset Management Inc. boosted its holdings in GraniteShares Platinum Trust by 7.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 111,684 shares of the company’s stock valued at $1,452,000 after acquiring an additional 8,038 shares during the period. Wealth Watch Advisors INC grew its position in GraniteShares Platinum Trust by 254.5% in the 2nd quarter. Wealth Watch Advisors INC now owns 67,651 shares of the company’s stock valued at $879,000 after acquiring an additional 48,565 shares in the last quarter. Finally, Kingsview Wealth Management LLC acquired a new position in GraniteShares Platinum Trust in the 2nd quarter valued at about $292,000.
GraniteShares Platinum Trust Company Profile
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.
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