abrdn Physical Palladium Shares ETF (NYSEARCA:PALL) Shares Gap Up – Here’s What Happened

abrdn Physical Palladium Shares ETF (NYSEARCA:PALL) shares gapped up before the market opened on Wednesday . The stock had previously closed at $174.99, but opened at $183.37. abrdn Physical Palladium Shares ETF shares last traded at $183.7990, with a volume of 327,000 shares.

abrdn Physical Palladium Shares ETF Stock Performance

The company has a 50 day simple moving average of $150.67 and a 200 day simple moving average of $128.08.

Hedge Funds Weigh In On abrdn Physical Palladium Shares ETF

A number of large investors have recently bought and sold shares of PALL. Bank of America Corp DE raised its holdings in abrdn Physical Palladium Shares ETF by 389.6% during the second quarter. Bank of America Corp DE now owns 125,787 shares of the exchange traded fund’s stock worth $12,655,000 after purchasing an additional 100,097 shares in the last quarter. BNP Paribas Financial Markets raised its position in abrdn Physical Palladium Shares ETF by 202.0% in the third quarter. BNP Paribas Financial Markets now owns 116,622 shares of the exchange traded fund’s stock worth $13,315,000 after acquiring an additional 78,005 shares in the last quarter. Gradient Investments LLC raised its position in abrdn Physical Palladium Shares ETF by 21.1% in the fourth quarter. Gradient Investments LLC now owns 95,808 shares of the exchange traded fund’s stock worth $13,929,000 after acquiring an additional 16,676 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in abrdn Physical Palladium Shares ETF by 23.5% in the third quarter. JPMorgan Chase & Co. now owns 68,035 shares of the exchange traded fund’s stock valued at $7,768,000 after acquiring an additional 12,966 shares during the period. Finally, Manatuck Hill Partners LLC purchased a new stake in shares of abrdn Physical Palladium Shares ETF during the 2nd quarter worth $6,540,000. 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.