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

abrdn Physical Palladium Shares ETF (NYSEARCA:PALL) reached a new 52-week low during mid-day trading on Wednesday. The stock traded as low as $20.20 and last traded at $20.2710, with a volume of 268819 shares. The stock had previously closed at $21.25.

abrdn Physical Palladium Shares ETF Stock Down 4.1%

The firm’s fifty day moving average is $23.76 and its 200 day moving average is $24.62.

Institutional Investors Weigh In On abrdn Physical Palladium Shares ETF

Several institutional investors and hedge funds have recently bought and sold shares of the business. Copley Financial Group Inc. increased its holdings in shares of abrdn Physical Palladium Shares ETF by 165.8% in the second quarter. Copley Financial Group Inc. now owns 45,170 shares of the exchange traded fund’s stock valued at $997,000 after purchasing an additional 28,179 shares in the last quarter. Gradient Investments LLC raised its position in shares of abrdn Physical Palladium Shares ETF by 378.3% during the second quarter. Gradient Investments LLC now owns 575,505 shares of the exchange traded fund’s stock worth $12,707,000 after acquiring an additional 455,175 shares during the last quarter. Strategic Investment Solutions Inc. IL raised its position in shares of abrdn Physical Palladium Shares ETF by 400.0% during the second quarter. Strategic Investment Solutions Inc. IL now owns 1,150 shares of the exchange traded fund’s stock worth $25,000 after acquiring an additional 920 shares during the last quarter. Noble Wealth Management PBC lifted its stake in shares of 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 valued at $44,000 after acquiring an additional 1,608 shares during the period. Finally, Optiver Holding B.V. lifted its stake in shares of abrdn Physical Palladium Shares ETF by 764.0% during the first quarter. Optiver Holding B.V. now owns 2,955 shares of the exchange traded fund’s stock valued at $398,000 after acquiring an additional 2,613 shares during the period. 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.