Raymond James Financial Inc. Invests $1.22 Million in Sprott Physical Platinum & Palladium Tr (NYSEARCA:SPPP)

Raymond James Financial Inc. bought a new stake in shares of Sprott Physical Platinum & Palladium Tr (NYSEARCA:SPPP) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 137,041 shares of the company’s stock, valued at approximately $1,218,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SPPP. Fielder Capital Group LLC acquired a new stake in shares of Sprott Physical Platinum & Palladium Tr during the 4th quarter worth approximately $192,000. Sprott Inc. lifted its stake in shares of Sprott Physical Platinum & Palladium Tr by 68.6% in the 4th quarter. Sprott Inc. now owns 142,607 shares of the company’s stock valued at $1,268,000 after purchasing an additional 58,002 shares during the period. Private Advisor Group LLC boosted its holdings in Sprott Physical Platinum & Palladium Tr by 7.1% during the fourth quarter. Private Advisor Group LLC now owns 86,289 shares of the company’s stock worth $767,000 after buying an additional 5,754 shares in the last quarter. IMC Chicago LLC acquired a new stake in Sprott Physical Platinum & Palladium Tr during the fourth quarter valued at $1,702,000. Finally, Ameritas Advisory Services LLC increased its holdings in Sprott Physical Platinum & Palladium Tr by 14.5% in the fourth quarter. Ameritas Advisory Services LLC now owns 15,582 shares of the company’s stock valued at $139,000 after buying an additional 1,979 shares in the last quarter.

Sprott Physical Platinum & Palladium Tr Price Performance

SPPP stock opened at $9.75 on Thursday. Sprott Physical Platinum & Palladium Tr has a 52-week low of $8.69 and a 52-week high of $11.39. The company’s 50-day simple moving average is $9.65 and its 200-day simple moving average is $9.70.

Sprott Physical Platinum & Palladium Tr Company 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.