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Abrdn Platinum Etf Trust  (NYSEArca: PPLT)
Other Ticker:  
 
    Sector • Financial    Industry • Exchange Traded Funds Etf
 
Price: $88.5400 $-0.19 -0.220%
Day's High: $88.1807 Week Perf: 2.48 %
Day's Low: $ 87.62 30 Day Perf: -2.99 %
Volume (M): 29 52 Wk High: $ 100.00
Volume (M$): $ 2,595 52 Wk Avg: $88.85
Open: $87.78 52 Wk Low: $82.35



 Market Capitalization (Millions $) 1,003
 Shares Outstanding (Millions) 11
 Employees -
 Revenues (TTM) (Millions $) -
 Net Income (TTM) (Millions $) -95
 Cash Flow (TTM) (Millions $) 0
 Capital Exp. (TTM) (Millions $) 0

Abrdn Platinum Etf Trust
Abrdn Platinum Etf Trust is an investment trust that offers exposure to a diversified portfolio of precious metals, primarily platinum. The trust is designed to track the performance of the platinum market and enable investors to benefit from price movements in platinum prices. It aims to replicate the performance of a benchmark index by investing in a range of platinum-related assets, including physical platinum, futures contracts, and other financial instruments. The Abrdn Platinum Etf Trust provides investors with a convenient and regulated way to gain exposure to the platinum market without directly owning and storing physical platinum.


   Company Address: 1900 Market Street Philadelphia 19103 PA
   Company Phone Number: 383-7289   Stock Exchange / Ticker: NYSEArca PPLT


   

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Abrdn Platinum Etf Trust

Abrdn Platinum Etf Trust Surpasses Expectations, Unveils Stellar Q3 Earnings Season with Operating Deficit of $-1.432 Million - A Game-Changer for the Stock Market


Date: February 29, 2024
In the wake of robust financial reporting from bellwethers in the Exchange Traded Funds (ETF) sector, smaller companies are now gearing up to share their third-quarter results. Among them, PPLT has recently revealed its operating deficit of $-1.432 million for the third quarter of 2023, indicating improved operational efficiency compared to the previous fiscal period ending in September 2022, which recorded a deficit of $-1.525 million. Though revenue sources have yet to materialize, PPLT has experienced a positive reporting season as its bottom-line rallied significantly, soaring from $-49.726 million a year ago to $26.508 million in the third quarter of the 2023 earnings season.
Looking towards the future, investors are keen to assess the potential performance of Abrdn Platinum ETF Trust. Recent market trends indicate a dip in the stock price over the past five trading days, with a decline of -0.24%. Consequently, the year-to-date performance for Abrdn Platinum ETF Trust stands at -14.58%. However, it is important to note that the stock is still trading 8.6% above its 52-week low.
Abrdn Platinum Etf Trust

Investment Services Company Struggles with Lackluster Revenue in Q1 2023

Introduction
Platinum has been considered one of the most precious metals in the world and has been used extensively for various purposes, including jewelry, electronics, and automotive industry. Abrdn Platinum Etf Trust is a popular investment option for investors who want to invest in the platinum market. This article will provide an in-depth analysis of the financial performance of Abrdn Platinum Etf Trust and its future prospects.
Financial Performance
For the January to March 31, 2023, span Abrdn Platinum Etf Trust experienced a significant loss in the bottom line. The loss per share increased from $-0.59 a year earlier to $-4.73 per share, and the loss from the preceding reporting season grew from $-4.12 per share. Despite not having any revenues, the trust experienced a cumulative net loss of $-168 million during the 12 months ending in the first quarter of 2023, resulting in a negative return on equity (ROE) of -29.95%.









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