iPath Series B Bloomberg Platinum Subindex Total Return ETN
PGM
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- United States of America
- IPO Date
- Jan 17, 2018
- CIK
- 0000312070
- Similar Companies
- Business
- iPath Series B Bloomberg Platinum Subindex Total Return ETN (PGM) is an exchange-traded note issued by Barclays Bank PLC that provides investors with exposure to the Bloomberg Platinum Subindex Total Return, composed of futures contracts on platinum rather than physical commodities. The ETN tracks the performance of the index through a cash payment at maturity, early redemption, or upon issuer call, adjusted for investor fees; it offers leveraged total return exposure to platinum prices without direct ownership of the metal. PGM operates within the commodities segment of the exchange-traded products industry, targeting retail and institutional investors seeking commodity-linked returns, and trades on NYSE Arca. Headquartered in London, United Kingdom, Barclays Bank PLC, the issuer of the iPath Series B ETNs including PGM, maintains global operations across major financial markets in North America, Europe, and Asia. The iPath Series B product line, encompassing PGM, was introduced following the original iPath ETNs to enhance investor access to commodity indices like platinum futures. No specific founding date for PGM is detailed beyond its launch under Barclays' structured products division. Recent major changes include Barclays' announcements of redemptions for multiple iPath Series B ETNs in 2025, with four series redeemed in full on June 25, 2025, following tender offers and consent solicitations that amended indentures to enable issuer call options. In February 2025, Barclays initiated a consultation for index changes underlying certain iPath ETNs, such as extending rebalancing periods, though PGM's specific platinum subindex was not named in the proposals. No acquisitions, new product launches, or partnerships directly affecting PGM were reported in the last 1-2 years, amid ongoing volatility in platinum markets influencing ETN performance.