Pekin Hardy Strauss Inc. Makes New $145,000 Investment in GraniteShares Platinum Trust (NYSEARCA:PLTM)

Pekin Hardy Strauss Inc. bought a new stake in GraniteShares Platinum Trust (NYSEARCA:PLTM) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 15,000 shares of the company’s stock, valued at approximately $145,000. Pekin Hardy Strauss Inc. owned 0.36% of GraniteShares Platinum Trust at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in PLTM. Virtu Financial LLC increased its stake in shares of GraniteShares Platinum Trust by 235.5% during the 1st quarter. Virtu Financial LLC now owns 43,793 shares of the company’s stock worth $387,000 after purchasing an additional 30,741 shares during the last quarter. Leo Wealth LLC bought a new stake in GraniteShares Platinum Trust in the fourth quarter worth $655,000. Finally, PCG Wealth Advisors LLC acquired a new position in GraniteShares Platinum Trust during the second quarter worth $1,415,000.

GraniteShares Platinum Trust Stock Performance

NYSEARCA PLTM opened at $9.38 on Thursday. The stock’s 50-day moving average is $9.25 and its two-hundred day moving average is $9.33. GraniteShares Platinum Trust has a fifty-two week low of $8.20 and a fifty-two week high of $10.58.

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.