abrdn Physical Precious Metals Basket Shares ETF (NYSEARCA:GLTR) Reaches New 52-Week High – What’s Next?

abrdn Physical Precious Metals Basket Shares ETF (NYSEARCA:GLTR) hit a new 52-week high on Monday . The company traded as high as $230.66 and last traded at $230.8030, with a volume of 25793 shares. The stock had previously closed at $221.84.

abrdn Physical Precious Metals Basket Shares ETF Stock Up 3.8%

The company has a 50 day simple moving average of $192.80 and a 200-day simple moving average of $167.10.

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

Institutional investors have recently bought and sold shares of the company. Bank of America Corp DE grew its stake in shares of abrdn Physical Precious Metals Basket Shares ETF by 8.2% during the 3rd quarter. Bank of America Corp DE now owns 379,067 shares of the company’s stock worth $62,717,000 after acquiring an additional 28,819 shares in the last quarter. Focus Partners Wealth boosted its holdings in abrdn Physical Precious Metals Basket Shares ETF by 19.4% during the third quarter. Focus Partners Wealth now owns 206,430 shares of the company’s stock worth $34,154,000 after purchasing an additional 33,587 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in abrdn Physical Precious Metals Basket Shares ETF by 1.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 202,440 shares of the company’s stock valued at $45,253,000 after purchasing an additional 3,465 shares in the last quarter. Summit Wealth & Retirement Planning Inc. increased its stake in abrdn Physical Precious Metals Basket Shares ETF by 1.9% in the 2nd quarter. Summit Wealth & Retirement Planning Inc. now owns 151,650 shares of the company’s stock valued at $20,950,000 after buying an additional 2,896 shares during the last quarter. Finally, Wealthfront Advisers LLC lifted its position in abrdn Physical Precious Metals Basket Shares ETF by 77.4% during the 2nd quarter. Wealthfront Advisers LLC now owns 138,061 shares of the company’s stock worth $19,073,000 after buying an additional 60,238 shares in the last quarter.

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.