abrdn Physical Palladium Shares ETF (NYSEARCA:PALL) Reaches New 52-Week High – Still a Buy?

Shares of abrdn Physical Palladium Shares ETF (NYSEARCA:PALL) reached a new 52-week high during trading on Tuesday . The company traded as high as $161.90 and last traded at $160.50, with a volume of 675397 shares traded. The stock had previously closed at $156.06.

abrdn Physical Palladium Shares ETF Price Performance

The company’s fifty day simple moving average is $133.79 and its 200 day simple moving average is $116.34.

Institutional Investors Weigh In On abrdn Physical Palladium Shares ETF

Several hedge funds have recently bought and sold shares of the stock. Jones Financial Companies Lllp grew its position in shares of abrdn Physical Palladium Shares ETF by 10,367.5% in the first quarter. Jones Financial Companies Lllp now owns 8,374 shares of the exchange traded fund’s stock valued at $758,000 after purchasing an additional 8,294 shares during the last quarter. Mattson Financial Services LLC bought a new stake in abrdn Physical Palladium Shares ETF in the 1st quarter valued at $25,000. Gradient Investments LLC grew its holdings in abrdn Physical Palladium Shares ETF by 9.9% in the 2nd quarter. Gradient Investments LLC now owns 41,129 shares of the exchange traded fund’s stock valued at $4,138,000 after buying an additional 3,719 shares in the last quarter. Alhambra Investment Management LLC acquired a new position in abrdn Physical Palladium Shares ETF in the 2nd quarter valued at $1,593,000. Finally, HB Wealth Management LLC bought a new position in abrdn Physical Palladium Shares ETF during the 2nd quarter worth $211,000. 23.28% of the stock is currently owned by institutional investors and hedge funds.

About abrdn Physical Palladium Shares ETF

ETFS Physical Palladium Shares (the Fund) is designed to offer investors a simple, cost-efficient and secure way to access the precious metals market. The Fund focuses on providing investors with a return equivalent to movements in the palladium spot price less fees. The Fund is issued by ETFS Palladium Trust (the Trust). The Fund’s sponsor is ETF Securities USA LLC, which is a wholly owned subsidiary of ETF Securities Ltd.