abrdn Physical Palladium Shares ETF (NYSEARCA:PALL) Sets New 12-Month Low – What’s Next?

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

abrdn Physical Palladium Shares ETF Stock Up 0.9%

The business’s 50 day moving average is $23.64 and its 200-day moving average is $24.49.

Hedge Funds Weigh In On abrdn Physical Palladium Shares ETF

A number of institutional investors and hedge funds have recently modified their holdings of PALL. Main Street Group LTD acquired a new stake in abrdn Physical Palladium Shares ETF in the first quarter valued at $27,000. Strategic Investment Solutions Inc. IL increased its holdings in shares of abrdn Physical Palladium Shares ETF by 400.0% in the 2nd quarter. Strategic Investment Solutions Inc. IL now owns 1,150 shares of the exchange traded fund’s stock valued at $25,000 after acquiring an additional 920 shares during the last quarter. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in shares of abrdn Physical Palladium Shares ETF during the 4th quarter worth about $218,000. Noble Wealth Management PBC raised its position in shares of abrdn Physical Palladium Shares ETF by 400.0% during the 2nd quarter. Noble Wealth Management PBC now owns 2,010 shares of the exchange traded fund’s stock worth $44,000 after acquiring an additional 1,608 shares in the last quarter. Finally, Cardiff Park Advisors LLC purchased a new stake in abrdn Physical Palladium Shares ETF during the first quarter worth approximately $302,000. Institutional investors and hedge funds own 23.28% of the company’s stock.

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). The Fund’s sponsor is ETF Securities USA LLC, which is a wholly owned subsidiary of ETF Securities Ltd.