abrdn Physical Palladium Shares ETF (NYSEARCA:PALL) Hits New 12-Month High – Time to Buy?

abrdn Physical Palladium Shares ETF (NYSEARCA:PALL)’s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as $148.82 and last traded at $148.6890, with a volume of 149437 shares. The stock had previously closed at $146.11.

abrdn Physical Palladium Shares ETF Stock Performance

The business’s fifty day moving average price is $131.95 and its 200 day moving average price is $114.56.

Hedge Funds Weigh In On abrdn Physical Palladium Shares ETF

A number of hedge funds have recently made changes to their positions in the stock. Mattson Financial Services LLC bought a new stake in abrdn Physical Palladium Shares ETF in the first quarter valued at approximately $25,000. Advisory Services Network LLC bought a new position in abrdn Physical Palladium Shares ETF during the third quarter worth $92,000. Binnacle Investments Inc acquired a new stake in abrdn Physical Palladium Shares ETF during the 3rd quarter worth about $103,000. US Bancorp DE grew its holdings in abrdn Physical Palladium Shares ETF by 219.2% during the 3rd quarter. US Bancorp DE now owns 1,564 shares of the exchange traded fund’s stock worth $179,000 after acquiring an additional 1,074 shares during the period. Finally, Truist Financial Corp bought a new position in shares of abrdn Physical Palladium Shares ETF in the 3rd quarter worth about $203,000. 23.28% of the stock is currently owned by institutional investors.

abrdn Physical Palladium Shares ETF Company Profile

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).