abrdn Physical Precious Metals Basket Shares ETF (NYSEARCA:GLTR) Shares Gap Down – Should You Sell?

abrdn Physical Precious Metals Basket Shares ETF (NYSEARCA:GLTR) shares gapped down prior to trading on Monday . The stock had previously closed at $209.29, but opened at $202.09. abrdn Physical Precious Metals Basket Shares ETF shares last traded at $201.32, with a volume of 4,934 shares trading hands.

abrdn Physical Precious Metals Basket Shares ETF Stock Performance

The stock has a 50-day simple moving average of $189.82 and a two-hundred day simple moving average of $209.48.

Hedge Funds Weigh In On abrdn Physical Precious Metals Basket Shares ETF

A number of large investors have recently modified their holdings of the company. Asset Dedication LLC boosted its stake in abrdn Physical Precious Metals Basket Shares ETF by 175.6% in the first quarter. Asset Dedication LLC now owns 113 shares of the company’s stock worth $25,000 after buying an additional 72 shares in the last quarter. Markowski Investments bought a new position in abrdn Physical Precious Metals Basket Shares ETF during the second quarter valued at approximately $26,000. Measured Wealth Private Client Group LLC purchased a new position in shares of abrdn Physical Precious Metals Basket Shares ETF during the third quarter worth approximately $32,000. Seneschal Advisors LLC purchased a new position in shares of abrdn Physical Precious Metals Basket Shares ETF during the fourth quarter worth approximately $40,000. Finally, Bogart Wealth LLC bought a new stake in shares of abrdn Physical Precious Metals Basket Shares ETF in the 1st quarter worth approximately $45,000.

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.