abrdn Physical Palladium Shares ETF (NYSEARCA:PALL) Sets New 12-Month Low – Time to Sell?

abrdn Physical Palladium Shares ETF (NYSEARCA:PALL) shares reached a new 52-week low during mid-day trading on Wednesday. The company traded as low as $19.99 and last traded at $20.0450, with a volume of 239,371 shares changing hands. The stock had previously closed at $20.38.

abrdn Physical Palladium Shares ETF Stock Performance

The business’s 50-day moving average price is $23.28 and its 200 day moving average price is $24.30.

Institutional Investors Weigh In On abrdn Physical Palladium Shares ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Gradient Investments LLC lifted its holdings in abrdn Physical Palladium Shares ETF by 378.3% in the 2nd quarter. Gradient Investments LLC now owns 575,505 shares of the exchange traded fund’s stock worth $12,707,000 after buying an additional 455,175 shares in the last quarter. Copley Financial Group Inc. boosted its position in abrdn Physical Palladium Shares ETF by 165.8% in the 2nd quarter. Copley Financial Group Inc. now owns 45,170 shares of the exchange traded fund’s stock valued at $997,000 after buying an additional 28,179 shares during the last quarter. Ameritas Advisory Services LLC grew its stake in shares of abrdn Physical Palladium Shares ETF by 384.0% during the second quarter. Ameritas Advisory Services LLC now owns 22,625 shares of the exchange traded fund’s stock valued at $500,000 after acquiring an additional 17,950 shares in the last quarter. Rockefeller Capital Management L.P. grew its stake in shares of abrdn Physical Palladium Shares ETF by 131.6% during the fourth quarter. Rockefeller Capital Management L.P. now owns 18,021 shares of the exchange traded fund’s stock valued at $2,620,000 after acquiring an additional 10,241 shares in the last quarter. Finally, Valeo Financial Advisors LLC grew its stake in shares of abrdn Physical Palladium Shares ETF by 400.0% during the second quarter. Valeo Financial Advisors LLC now owns 12,750 shares of the exchange traded fund’s stock valued at $282,000 after acquiring an additional 10,200 shares in the last quarter. Hedge funds and other 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). The Fund’s sponsor is ETF Securities USA LLC, which is a wholly owned subsidiary of ETF Securities Ltd.