abrdn Physical Platinum Shares ETF
PPLT
New York Stock Exchange Arca- -
USD
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- -
Capital Structure
FRC
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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
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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
- 1900 Market Street, Suite 200 Philadelphia PA United States of America 19103
- IPO Date
- Jan 8, 2010
- CIK
- 0001460235
- Website
- aberdeeninvestments.com
- Similar Companies
- Business
- abrdn Physical Platinum Shares ETF (PPLT) is an exchange-traded fund that seeks to reflect the performance of the price of physical platinum, less the Trust's expenses, by holding allocated platinum bullion in secure vaults. The Trust, sponsored by abrdn ETFs Sponsor LLC, a wholly-owned indirect subsidiary of abrdn plc, issues shares representing fractional undivided beneficial ownership of the Trust's platinum holdings; platinum is custodied by ICBC Standard Bank Plc in London, UK, with The Bank of New York Mellon serving as trustee and Bureau Veritas Commodities UK Ltd conducting twice-annual vault inspections. Shares trade on NYSE Arca under the ticker PPLT, with a total expense ratio of 0.60%, and are created or redeemed in baskets of 50,000 shares by authorized participants using physical platinum meeting London Platinum and Palladium Market good delivery standards (32-192 troy ounces at minimum 99.95% purity). The Trust provides investors with cost-effective, transparent exposure to physical platinum without the complexities of direct ownership, storage, or assay, targeting institutional and retail investors seeking commodity diversification; net assets stood at approximately $1.96 billion as of September 30, 2025, backed by over 1.24 million ounces of platinum valued against the LBMA Platinum Price PM benchmark. The ETF holds London Good Delivery platinum bars exclusively as its underlying asset, with daily bar lists published on the sponsor's website for transparency; it does not engage in futures trading, derivatives, or active management, nor is it registered as an investment company under the Investment Company Act of 1940 or a commodity pool under the Commodity Exchange Act. Valuation occurs daily using the LBMA Platinum Price PM (or AM if unavailable), reflecting spot platinum prices net of sponsor fees and other expenses paid from platinum sales; the Trust maintains minimal unallocated platinum only for creation/redemption settlements. Founded on December 30, 2009, and launched on NYSE Arca on January 8, 2010, the Trust is headquartered at c/o abrdn ETFs Sponsor LLC in Philadelphia, Pennsylvania, with global operations centered on U.S. investors but platinum vaulted in London; it operates in the commodities sector, specifically physically backed precious metals ETFs, serving diversified portfolios amid automotive, jewelry, and industrial platinum demand. In recent years, the Trust has seen significant asset growth, with net assets rising from $997 million at December 31, 2023, to over $1.95 billion by September 2025, driven by a 71% year-to-date NAV increase through Q3 2025 amid platinum price appreciation to $1,571 per ounce and a 12% rise in ounces under management in 2024; outstanding shares expanded from 10.85 million to 13.7 million over the same period. Sponsor history includes ownership changes, with ETF Securities Limited selling to abrdn Inc. (then Aberdeen Standard Investments Inc.) in April 2018 and subsequent rebranding to abrdn ETFs Sponsor LLC by March 2022, aligning with abrdn plc's global asset management strategy; no major acquisitions, new product launches, or operational reorganizations specific to PPLT were reported in 2024-2025, though platinum supply deficits from South African mining disruptions and automotive demand shifts supported performance.