abrdn Physical Palladium Shares ETF (NYSEARCA:PALL) Shares Gap Up – Still a Buy?

abrdn Physical Palladium Shares ETF (NYSEARCA:PALL)’s share price gapped up before the market opened on Friday . The stock had previously closed at $156.50, but opened at $167.34. abrdn Physical Palladium Shares ETF shares last traded at $170.0680, with a volume of 285,952 shares trading hands.

abrdn Physical Palladium Shares ETF Stock Up 9.7%

The firm has a 50 day moving average of $134.90 and a 200-day moving average of $117.41.

Institutional Trading of abrdn Physical Palladium Shares ETF

A number of hedge funds have recently added to or reduced their stakes in PALL. Bank of America Corp DE raised its holdings in shares of abrdn Physical Palladium Shares ETF by 389.6% in the 2nd quarter. Bank of America Corp DE now owns 125,787 shares of the exchange traded fund’s stock valued at $12,655,000 after purchasing an additional 100,097 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in abrdn Physical Palladium Shares ETF by 202.0% during the third quarter. BNP Paribas Financial Markets now owns 116,622 shares of the exchange traded fund’s stock worth $13,315,000 after buying an additional 78,005 shares during the period. Gradient Investments LLC boosted its position in abrdn Physical Palladium Shares ETF by 92.4% during the 3rd quarter. Gradient Investments LLC now owns 79,132 shares of the exchange traded fund’s stock valued at $9,034,000 after acquiring an additional 38,003 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of abrdn Physical Palladium Shares ETF by 23.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 68,035 shares of the exchange traded fund’s stock valued at $7,768,000 after acquiring an additional 12,966 shares during the period. Finally, Manatuck Hill Partners LLC bought a new position in shares of abrdn Physical Palladium Shares ETF in the 2nd quarter worth $6,540,000. 23.28% of the stock is owned by hedge funds and other institutional investors.

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.