abrdn Physical Palladium Shares ETF (NYSEARCA:PALL) Shares Gap Down – What’s Next?

abrdn Physical Palladium Shares ETF (NYSEARCA:PALL)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $170.17, but opened at $163.50. abrdn Physical Palladium Shares ETF shares last traded at $164.1890, with a volume of 82,944 shares changing hands.

abrdn Physical Palladium Shares ETF Trading Down 2.7%

The business has a fifty day simple moving average of $142.90 and a two-hundred day simple moving average of $123.59.

Hedge Funds Weigh In On abrdn Physical Palladium Shares ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Noble Wealth Management PBC purchased a new stake in shares of abrdn Physical Palladium Shares ETF in the 4th quarter worth about $29,000. Spire Wealth Management bought a new stake in abrdn Physical Palladium Shares ETF during the fourth quarter worth about $31,000. Advisory Services Network LLC purchased a new stake in abrdn Physical Palladium Shares ETF in the third quarter worth about $92,000. Binnacle Investments Inc bought a new position in shares of abrdn Physical Palladium Shares ETF during the third quarter valued at approximately $103,000. Finally, US Bancorp DE lifted its holdings in shares of abrdn Physical Palladium Shares ETF by 219.2% during the third quarter. US Bancorp DE now owns 1,564 shares of the exchange traded fund’s stock valued at $179,000 after purchasing an additional 1,074 shares during the last quarter. Hedge funds and other institutional investors own 23.28% of the company’s stock.

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.