Pines Wealth Management LLC Lowers Holdings in abrdn Physical Precious Metals Basket Shares ETF $GLTR

Pines Wealth Management LLC lowered its position in abrdn Physical Precious Metals Basket Shares ETF (NYSEARCA:GLTR) by 5.4% in the third quarter, Holdings Channel.com reports. The fund owned 46,086 shares of the company’s stock after selling 2,633 shares during the period. abrdn Physical Precious Metals Basket Shares ETF makes up 2.6% of Pines Wealth Management LLC’s investment portfolio, making the stock its 7th largest holding. Pines Wealth Management LLC’s holdings in abrdn Physical Precious Metals Basket Shares ETF were worth $7,625,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Royal Bank of Canada raised its stake in shares of abrdn Physical Precious Metals Basket Shares ETF by 3.2% in the first quarter. Royal Bank of Canada now owns 24,723 shares of the company’s stock valued at $3,201,000 after purchasing an additional 763 shares in the last quarter. Sound Income Strategies LLC bought a new stake in abrdn Physical Precious Metals Basket Shares ETF in the 2nd quarter valued at $108,000. Ameritas Advisory Services LLC acquired a new position in shares of abrdn Physical Precious Metals Basket Shares ETF in the 2nd quarter valued at $29,000. Valmark Advisers Inc. lifted its holdings in shares of abrdn Physical Precious Metals Basket Shares ETF by 64.2% during the 2nd quarter. Valmark Advisers Inc. now owns 14,066 shares of the company’s stock worth $1,943,000 after acquiring an additional 5,501 shares during the period. Finally, Blair William & Co. IL bought a new position in shares of abrdn Physical Precious Metals Basket Shares ETF during the 2nd quarter worth about $246,000.

abrdn Physical Precious Metals Basket Shares ETF Price Performance

NYSEARCA GLTR opened at $274.35 on Wednesday. The company’s 50-day simple moving average is $209.79 and its 200 day simple moving average is $176.07. abrdn Physical Precious Metals Basket Shares ETF has a twelve month low of $114.77 and a twelve month high of $280.08.

abrdn Physical Precious Metals Basket Shares ETF Company Profile

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.