SPPP

Sprott Physical Platinum and Palladium Trust
SPPP

$10.27

3.22%

Market Cap: $117M

About: Sprott Physical Platinum & Palladium Tr invests and holds all of its assets in physical platinum and palladium bullion. The company seeks to provide a secure, convenient, and exchange-traded investment alternative for investors interested in holding physical platinum and palladium bullion without the inconvenience that is typical of a direct investment in physical bullion. The Trust invests mainly in long-term holdings of unencumbered, fully allocated, physical platinum and palladium bullion.

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Funds holding %

of 6,710 funds

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Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

75% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 4

57% more repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 7

27% more capital invested

Capital invested by funds: $16.5M [Q1] → $21M (+$4.54M) [Q2]

7% more funds holding

Funds holding: 41 [Q1] → 44 (+3) [Q2]

4.97% more ownership

Funds ownership: 10.96% [Q1] → 15.93% (+4.97%) [Q2]

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Research analyst outlook

We haven’t received any recent analyst ratings for SPPP.

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Financial journalist opinion

Sprott Physical Platinum and Palladium Trust Updates Its “At-The-Market” Equity Program

TORONTO, Sept. 09, 2024 (GLOBE NEWSWIRE) -- Sprott Asset Management LP (“Sprott Asset Management”), a subsidiary of Sprott Inc., on behalf of the Sprott Physical Platinum and Palladium Trust (NYSE: SPPP) (TSX: SPPP / SPPP.U) (the “Trust”), a closed-ended mutual fund trust created to invest and hold substantially all of its assets in physical platinum and palladium bullion, today announced that it has updated its at-the-market equity program to issue up to US$50 million of units of the Trust (“Units”) in the United States and Canada.

Sprott Physical Platinum and Palladium Trust Updates Its “At-The-Market” Equity Program

SPPP: Platinum Group Metals Remain Under Pressure

Platinum and palladium prices have struggled to surpass $1,000 per ounce recently, with palladium experiencing a significant decline since reaching a record high in 2022. Gold and silver have been in bull markets, with silver reaching its highest price in nearly 12 years and gold hitting a new record peak. The Sprott Physical Platinum and Palladium Trust invests in physical platinum and palladium, providing exposure to these metals in standard stock market accounts.

SPPP: Platinum Group Metals Remain Under Pressure

CNBC Television

Committee's 2024 Contrarian Ideas: ETFs DBB and SPPP

Bill Baruch, Blue Line Capital founder, and Liz Young, SoFi head of investment strategy, join CNBC's 'Halftime Report' to reveal their top contrarian picks for 2024.

Committee's 2024 Contrarian Ideas: ETFs DBB and SPPP

SPPP: A 2023 Beatdown Led To A Recovery

Palladium prices experienced a significant decline in 2023, but may offer value in 2024. Platinum prices remained weak in 2023 but outperformed palladium. Four factors, including COP28 and supply concentration, support a potential rally in platinum and palladium prices in 2024.

SPPP: A 2023 Beatdown Led To A Recovery

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