abrdn Physical Precious Metals Basket Shares ETF (NYSEARCA:GLTR) Shares Gap Down – Here’s What Happened

abrdn Physical Precious Metals Basket Shares ETF (NYSEARCA:GLTR)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $285.22, but opened at $256.15. abrdn Physical Precious Metals Basket Shares ETF shares last traded at $254.1710, with a volume of 65,753 shares.

abrdn Physical Precious Metals Basket Shares ETF Price Performance

The company has a fifty day simple moving average of $214.16 and a 200-day simple moving average of $177.59.

Institutional Investors Weigh In On abrdn Physical Precious Metals Basket Shares ETF

Several hedge funds have recently modified their holdings of GLTR. Measured Wealth Private Client Group LLC purchased a new position in abrdn Physical Precious Metals Basket Shares ETF in the 3rd quarter worth about $32,000. Ameritas Advisory Services LLC acquired a new position in shares of abrdn Physical Precious Metals Basket Shares ETF in the second quarter worth about $29,000. GGM Financials LLC acquired a new position in shares of abrdn Physical Precious Metals Basket Shares ETF in the third quarter worth about $38,000. Grey Fox Wealth Advisors LLC purchased a new position in shares of abrdn Physical Precious Metals Basket Shares ETF in the third quarter worth approximately $39,000. Finally, IFP Advisors Inc raised its holdings in shares of abrdn Physical Precious Metals Basket Shares ETF by 100.0% during the second quarter. IFP Advisors Inc now owns 246 shares of the company’s stock valued at $34,000 after acquiring an additional 123 shares during the period.

About abrdn Physical Precious Metals Basket Shares ETF

The abrdn Physical Precious Metals Basket Shares ETF (GLTR) is an exchange-traded fund that mostly invests in broad market commodities. The fund tracks the spot prices of a basket of gold, silver, platinum and palladium, less trust expenses. GLTR was launched on Oct 22, 2010 and is managed by Abrdn.