abrdn Physical Palladium Shares ETF (NYSEARCA:PALL) Hits New 1-Year Low – What’s Next?

abrdn Physical Palladium Shares ETF (NYSEARCA:PALL) shares hit a new 52-week low on Monday. The company traded as low as $17.58 and last traded at $17.66, with a volume of 213,661 shares changing hands. The stock had previously closed at $17.78.

abrdn Physical Palladium Shares ETF Stock Down 0.4%

The stock’s 50 day moving average price is $22.11 and its two-hundred day moving average price is $25.77.

Institutional Trading of abrdn Physical Palladium Shares ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Strategic Investment Solutions Inc. IL boosted its position in shares of abrdn Physical Palladium Shares ETF by 400.0% during the 2nd quarter. Strategic Investment Solutions Inc. IL now owns 1,150 shares of the exchange traded fund’s stock valued at $25,000 after acquiring an additional 920 shares in the last quarter. Main Street Group LTD acquired a new position in abrdn Physical Palladium Shares ETF in the first quarter worth about $27,000. IFP Advisors Inc acquired a new position in abrdn Physical Palladium Shares ETF in the third quarter worth about $38,000. Noble Wealth Management PBC lifted its stake in abrdn Physical Palladium Shares ETF by 400.0% during the second quarter. Noble Wealth Management PBC now owns 2,010 shares of the exchange traded fund’s stock worth $44,000 after purchasing an additional 1,608 shares during the period. Finally, Integrated Wealth Concepts LLC bought a new position in abrdn Physical Palladium Shares ETF during the second quarter worth about $57,000. 23.28% of the stock is currently owned by institutional investors and hedge funds.

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.