abrdn Physical Palladium Shares ETF (NYSEARCA:PALL) Shares Gap Down – Here’s What Happened

abrdn Physical Palladium Shares ETF (NYSEARCA:PALLGet Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $170.17, but opened at $163.50. abrdn Physical Palladium Shares ETF shares last traded at $164.1890, with a volume of 82,944 shares trading hands.

abrdn Physical Palladium Shares ETF Trading Down 1.5%

The stock has a 50-day moving average price of $144.43 and a 200 day moving average price of $124.31.

Institutional Investors Weigh In On abrdn Physical Palladium Shares ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Noble Wealth Management PBC acquired a new position in shares of abrdn Physical Palladium Shares ETF in the 4th quarter valued at $29,000. Spire Wealth Management purchased a new position in abrdn Physical Palladium Shares ETF during the 4th quarter worth $31,000. Advisory Services Network LLC acquired a new position in abrdn Physical Palladium Shares ETF in the third quarter valued at $92,000. Binnacle Investments Inc purchased a new stake in shares of abrdn Physical Palladium Shares ETF in the third quarter valued at about $103,000. Finally, US Bancorp DE raised its holdings in shares of abrdn Physical Palladium Shares ETF by 219.2% in the third quarter. US Bancorp DE now owns 1,564 shares of the exchange traded fund’s stock valued at $179,000 after buying an additional 1,074 shares during the last quarter. Hedge funds and other institutional investors own 23.28% of the company’s stock.

abrdn Physical Palladium Shares ETF Company Profile

(Get Free Report)

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.

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