Raymond James Financial Inc. Makes New $1.26 Million Investment in GraniteShares Platinum Trust (NYSEARCA:PLTM)

Raymond James Financial Inc. purchased a new stake in shares of GraniteShares Platinum Trust (NYSEARCA:PLTM) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 143,682 shares of the company’s stock, valued at approximately $1,263,000. Raymond James Financial Inc. owned about 3.42% of GraniteShares Platinum Trust as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Sprott Inc. bought a new position in GraniteShares Platinum Trust in the 4th quarter worth $119,000. Laffer Tengler Investments Inc. lifted its position in shares of GraniteShares Platinum Trust by 29.8% in the fourth quarter. Laffer Tengler Investments Inc. now owns 15,031 shares of the company’s stock valued at $132,000 after acquiring an additional 3,454 shares in the last quarter. Finally, Jane Street Group LLC purchased a new position in shares of GraniteShares Platinum Trust in the third quarter valued at about $765,000.

GraniteShares Platinum Trust Trading Down 1.8 %

NYSEARCA:PLTM opened at $9.37 on Thursday. The stock has a 50-day moving average price of $9.43 and a 200 day moving average price of $9.37. GraniteShares Platinum Trust has a 12-month low of $8.72 and a 12-month high of $10.58.

GraniteShares Platinum Trust 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.