SPPP
Sprott Physical Platinum and Palladium TrustSPPP
SPPP
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.
0
Funds holding %
of 6,810 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
25% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 4
0% more funds holding
Funds holding: 44 [Q2] → 44 (+0) [Q3]
3.63% less ownership
Funds ownership: 16.77% [Q2] → 13.14% (-3.63%) [Q3]
18% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 11
21% less capital invested
Capital invested by funds: $22.2M [Q2] → $17.5M (-$4.64M) [Q3]
Research analyst outlook
We haven’t received any recent analyst ratings for SPPP.
Financial journalist opinion
Positive
ETF Trends
3 weeks ago
Positive Forecasts for Gold, Silver Despite Dollar Pressure
A rising dollar has been applying downward pressure on gold and silver following the U.S. presidential election. But market experts are still forecasting record prices for both precious metals heading into 2025.
Neutral
GlobeNewsWire
1 month ago
Sprott Physical Platinum and Palladium Trust Updates Its “At-the-Market” Equity Program
TORONTO, Dec. 06, 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 added additional sales agents to 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.
Positive
Seeking Alpha
2 months ago
Update On SPPP As Platinum And Palladium Prices Stabilize
Gold and silver surged in 2024, with silver up 30.6% and gold 27.22%, while platinum and palladium saw declines. Lower U.S. interest rates and potential dollar weakness could support higher platinum and palladium prices, despite current bearish trends. The Sprott Physical Platinum and Palladium Trust offers value at around $10 per share, consolidating amid low liquidity and potential future rallies.
Neutral
GlobeNewsWire
4 months ago
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.
Neutral
Seeking Alpha
6 months ago
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.
Positive
CNBC Television
11 months ago
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.
Neutral
Seeking Alpha
1 year ago
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.
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