abrdn Physical Palladium Shares ETF (NYSEARCA:PALL) Sets New 52-Week Low – Time to Sell?

abrdn Physical Palladium Shares ETF (NYSEARCA:PALL – Get Free Report)’s share price reached a new 52-week low during trading on Monday. The company traded as low as $17.58 and last traded at $17.66, with a volume of 213,661 shares traded. The stock had previously closed at $17.78.

abrdn Physical Palladium Shares ETF Trading Down 3.0%

The firm’s 50 day simple moving average is $21.82 and its two-hundred day simple moving average is $25.61.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of PALL. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of abrdn Physical Palladium Shares ETF during the third quarter valued at approximately $218,000. MGO One Seven LLC acquired a new stake in shares of abrdn Physical Palladium Shares ETF during the 3rd quarter worth approximately $215,000. Evergreen Capital Management LLC lifted its holdings in shares of abrdn Physical Palladium Shares ETF by 6.4% in the 3rd quarter. Evergreen Capital Management LLC now owns 130,191 shares of the exchange traded fund’s stock worth $2,839,000 after purchasing an additional 7,776 shares during the last quarter. AFG Fiduciary Services Limited Partnership bought a new stake in shares of abrdn Physical Palladium Shares ETF in the 3rd quarter worth approximately $348,000. Finally, Arvest Investments Inc. lifted its holdings in shares of 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 purchasing an additional 4,727 shares during the last quarter. 23.28% of the stock is owned by institutional investors and hedge funds.

abrdn Physical Palladium Shares ETF Company Profile

(Get Free Report)

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.

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