abrdn Physical Palladium Shares ETF (NYSEARCA:PALL) Shares Gap Down – Should You Sell?

abrdn Physical Palladium Shares ETF (NYSEARCA:PALL) gapped down prior to trading on Wednesday . The stock had previously closed at $169.20, but opened at $160.72. abrdn Physical Palladium Shares ETF shares last traded at $153.5580, with a volume of 655,412 shares traded.

abrdn Physical Palladium Shares ETF Stock Performance

The business has a 50-day moving average price of $134.41 and a 200 day moving average price of $116.86.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Mattson Financial Services LLC acquired a new stake in shares of abrdn Physical Palladium Shares ETF during the first quarter worth approximately $25,000. Advisory Services Network LLC purchased a new position in abrdn Physical Palladium Shares ETF in the third quarter valued at about $92,000. Binnacle Investments Inc purchased a new position in abrdn Physical Palladium Shares ETF in the third quarter valued at about $103,000. US Bancorp DE increased its position in abrdn Physical Palladium Shares ETF by 219.2% in the 3rd quarter. US Bancorp DE now owns 1,564 shares of the exchange traded fund’s stock worth $179,000 after purchasing an additional 1,074 shares during the last quarter. Finally, Truist Financial Corp purchased a new stake in shares of abrdn Physical Palladium Shares ETF during the 3rd quarter worth about $203,000. 23.28% of the stock is owned by institutional investors and hedge funds.

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.