abrdn Physical Palladium Shares ETF (NYSEARCA:PALL) Shares Gap Down – What’s Next?

abrdn Physical Palladium Shares ETF (NYSEARCA:PALL)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $24.63, but opened at $23.84. abrdn Physical Palladium Shares ETF shares last traded at $24.06, with a volume of 237,605 shares.

abrdn Physical Palladium Shares ETF Trading Down 1.6%

The company’s fifty day simple moving average is $23.35 and its 200-day simple moving average is $26.18.

Hedge Funds Weigh In On abrdn Physical Palladium Shares ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Strategic Investment Solutions Inc. IL increased its holdings in 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 valued at $25,000 after buying an additional 920 shares during the period. Main Street Group LTD purchased a new stake in abrdn Physical Palladium Shares ETF during the first quarter worth $27,000. PNC Financial Services Group Inc. boosted its position in abrdn Physical Palladium Shares ETF by 2,437.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 203 shares of the exchange traded fund’s stock valued at $30,000 after acquiring an additional 195 shares in the last quarter. Harbour Investments Inc. boosted its position in abrdn Physical Palladium Shares ETF by 238.0% during the 4th quarter. Harbour Investments Inc. now owns 240 shares of the exchange traded fund’s stock valued at $35,000 after acquiring an additional 169 shares in the last quarter. Finally, Noble Wealth Management PBC increased its holdings in shares of abrdn Physical Palladium Shares ETF by 400.0% in the 2nd 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. 23.28% of the stock is currently owned by institutional investors.

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.