abrdn Physical Palladium Shares ETF (NYSEARCA:PALL) Share Price Pass Above Two Hundred Day Moving Average – What’s Next?

abrdn Physical Palladium Shares ETF (NYSEARCA:PALL)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $138.12 and traded as high as $153.70. abrdn Physical Palladium Shares ETF shares last traded at $153.22, with a volume of 338,203 shares trading hands.

abrdn Physical Palladium Shares ETF Price Performance

The business’s 50-day moving average price is $160.56 and its two-hundred day moving average price is $138.53.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Noble Wealth Management PBC bought a new position in shares of abrdn Physical Palladium Shares ETF in the 4th quarter valued at $29,000. PNC Financial Services Group Inc. lifted its position in shares of abrdn Physical Palladium Shares ETF by 2,437.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 203 shares of the exchange traded fund’s stock worth $30,000 after buying an additional 195 shares during the last quarter. Spire Wealth Management acquired a new stake in abrdn Physical Palladium Shares ETF in the fourth quarter valued at about $31,000. Quaker Wealth Management LLC acquired a new stake in abrdn Physical Palladium Shares ETF in the fourth quarter valued at about $35,000. Finally, Harbour Investments Inc. grew its position in abrdn Physical Palladium Shares ETF by 238.0% in the fourth quarter. Harbour Investments Inc. now owns 240 shares of the exchange traded fund’s stock valued at $35,000 after acquiring an additional 169 shares during the last quarter. 23.28% of the stock is currently owned by institutional investors and hedge funds.

abrdn Physical Palladium Shares ETF Company Profile

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.