abrdn Physical Precious Metals Basket Shares ETF (NYSEARCA:GLTR) Sees Large Volume Increase – Here’s Why

abrdn Physical Precious Metals Basket Shares ETF (NYSEARCA:GLTR) shares saw unusually-strong trading volume on Tuesday . Approximately 56,492 shares traded hands during mid-day trading, a decline of 8% from the previous session’s volume of 61,458 shares.The stock last traded at $212.8920 and had previously closed at $208.96.

abrdn Physical Precious Metals Basket Shares ETF Stock Performance

The company has a 50 day simple moving average of $185.32 and a 200 day simple moving average of $162.37.

Institutional Investors Weigh In On abrdn Physical Precious Metals Basket Shares ETF

Several hedge funds have recently modified their holdings of the stock. IFP Advisors Inc increased its stake in abrdn Physical Precious Metals Basket Shares ETF by 799.6% in the 3rd quarter. IFP Advisors Inc now owns 2,213 shares of the company’s stock valued at $366,000 after buying an additional 1,967 shares during the period. CIBC Private Wealth Group LLC lifted its stake in shares of abrdn Physical Precious Metals Basket Shares ETF by 311.6% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,136 shares of the company’s stock worth $188,000 after acquiring an additional 860 shares during the period. Captrust Financial Advisors boosted its holdings in shares of abrdn Physical Precious Metals Basket Shares ETF by 1.6% in the third quarter. Captrust Financial Advisors now owns 39,081 shares of the company’s stock valued at $6,466,000 after acquiring an additional 614 shares in the last quarter. Advisory Services Network LLC purchased a new stake in shares of abrdn Physical Precious Metals Basket Shares ETF in the third quarter valued at about $63,000. Finally, Vertex Planning Partners LLC increased its stake in shares of abrdn Physical Precious Metals Basket Shares ETF by 25.3% during the third quarter. Vertex Planning Partners LLC now owns 2,202 shares of the company’s stock worth $364,000 after acquiring an additional 444 shares during the period.

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.