abrdn Physical Palladium Shares ETF (NYSEARCA:PALL) Sets New 52-Week Low – Here’s What Happened

abrdn Physical Palladium Shares ETF (NYSEARCA:PALL) hit a new 52-week low during trading on Wednesday. The stock traded as low as $19.67 and last traded at $19.67, with a volume of 78,653 shares traded. The stock had previously closed at $19.94.

abrdn Physical Palladium Shares ETF Price Performance

The company’s 50-day moving average is $22.99 and its two-hundred day moving average is $24.19.

Hedge Funds Weigh In On abrdn Physical Palladium Shares ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. IFP Advisors Inc purchased a new stake in shares of abrdn Physical Palladium Shares ETF during the 3rd quarter valued at $38,000. Integrated Wealth Concepts LLC purchased a new stake in abrdn Physical Palladium Shares ETF during the second quarter valued at about $57,000. NewEdge Advisors LLC lifted its stake in abrdn Physical Palladium Shares ETF by 333.7% during the second quarter. NewEdge Advisors LLC now owns 11,368 shares of the exchange traded fund’s stock worth $251,000 after purchasing an additional 8,747 shares during the last quarter. Tucker Asset Management LLC lifted its stake in abrdn Physical Palladium Shares ETF by 452.5% during the second quarter. Tucker Asset Management LLC now owns 9,288 shares of the exchange traded fund’s stock worth $205,000 after purchasing an additional 7,607 shares during the last quarter. Finally, Ameritas Advisory Services LLC boosted its holdings in shares of abrdn Physical Palladium Shares ETF by 384.0% in the 2nd quarter. Ameritas Advisory Services LLC now owns 22,625 shares of the exchange traded fund’s stock worth $500,000 after purchasing an additional 17,950 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.