abrdn Physical Palladium Shares ETF (NYSEARCA:PALL) Hits New 12-Month High – Time to Buy?

abrdn Physical Palladium Shares ETF (NYSEARCA:PALL) hit a new 52-week high during trading on Wednesday . The stock traded as high as $148.82 and last traded at $148.6890, with a volume of 149437 shares. The stock had previously closed at $146.11.

abrdn Physical Palladium Shares ETF Stock Up 0.7%

The business’s fifty day moving average price is $131.95 and its 200 day moving average price is $114.56.

Hedge Funds Weigh In On abrdn Physical Palladium Shares ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Mattson Financial Services LLC bought a new stake in shares of abrdn Physical Palladium Shares ETF during the first quarter worth $25,000. Advisory Services Network LLC acquired a new stake in shares of abrdn Physical Palladium Shares ETF during the 3rd quarter valued at $92,000. Binnacle Investments Inc bought a new stake in abrdn Physical Palladium Shares ETF during the 3rd quarter worth $103,000. US Bancorp DE increased its holdings in abrdn Physical Palladium Shares ETF by 219.2% in the 3rd quarter. US Bancorp DE now owns 1,564 shares of the exchange traded fund’s stock worth $179,000 after purchasing an additional 1,074 shares in the last quarter. Finally, Truist Financial Corp acquired a new position in abrdn Physical Palladium Shares ETF in the 3rd quarter worth about $203,000. Institutional investors own 23.28% of the company’s stock.

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).