abrdn Physical Palladium Shares ETF (NYSEARCA:PALL) Sets New 12-Month Low – Should You Sell?

abrdn Physical Palladium Shares ETF (NYSEARCA:PALL)’s stock price hit a new 52-week low on Tuesday. The stock traded as low as $18.38 and last traded at $18.5240, with a volume of 194,458 shares. The stock had previously closed at $18.94.

abrdn Physical Palladium Shares ETF Stock Down 1.1%

The business’s fifty day moving average is $22.57 and its 200-day moving average is $26.06.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Gradient Investments LLC grew its position in shares of abrdn Physical Palladium Shares ETF by 378.3% during the 2nd quarter. Gradient Investments LLC now owns 575,505 shares of the exchange traded fund’s stock valued at $12,707,000 after acquiring an additional 455,175 shares during the period. Evergreen Capital Management LLC lifted its position in abrdn Physical Palladium Shares ETF by 6.4% during the third quarter. Evergreen Capital Management LLC now owns 130,191 shares of the exchange traded fund’s stock valued at $2,839,000 after purchasing an additional 7,776 shares in the last quarter. Rockefeller Capital Management L.P. raised its stake in shares of abrdn Physical Palladium Shares ETF by 131.6% in the fourth quarter. Rockefeller Capital Management L.P. now owns 18,021 shares of the exchange traded fund’s stock worth $2,620,000 after buying an additional 10,241 shares during the period. Arvest Investments Inc. increased its holdings in abrdn Physical Palladium Shares ETF by 4.4% in the 3rd quarter. Arvest Investments Inc. now owns 112,543 shares of the exchange traded fund’s stock worth $2,455,000 after acquiring an additional 4,727 shares in the last quarter. Finally, Copley Financial Group Inc. increased its holdings in abrdn Physical Palladium Shares ETF by 8.5% in the 1st quarter. Copley Financial Group Inc. now owns 16,991 shares of the exchange traded fund’s stock worth $2,289,000 after acquiring an additional 1,332 shares in the last quarter. Hedge funds and other institutional investors 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.