abrdn Physical Precious Metals Basket Shares ETF (NYSEARCA:GLTR) Shares Up 2.6% – Still a Buy?

abrdn Physical Precious Metals Basket Shares ETF (NYSEARCA:GLTR) shares were up 2.6% on Friday . The company traded as high as $218.79 and last traded at $218.2950. Approximately 16,120 shares were traded during trading, a decline of 73% from the average daily volume of 59,447 shares. The stock had previously closed at $212.80.

abrdn Physical Precious Metals Basket Shares ETF Trading Up 3.5%

The company has a fifty day moving average of $184.08 and a 200 day moving average of $160.99.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in GLTR. Bank of America Corp DE raised its stake in abrdn Physical Precious Metals Basket Shares ETF by 8.2% during the 3rd quarter. Bank of America Corp DE now owns 379,067 shares of the company’s stock valued at $62,717,000 after purchasing an additional 28,819 shares during the period. Focus Partners Wealth raised its position in abrdn Physical Precious Metals Basket Shares ETF by 19.4% during the third quarter. Focus Partners Wealth now owns 206,430 shares of the company’s stock valued at $34,154,000 after buying an additional 33,587 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in abrdn Physical Precious Metals Basket Shares ETF by 3.0% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 198,975 shares of the company’s stock valued at $33,931,000 after buying an additional 5,731 shares during the period. Summit Wealth & Retirement Planning Inc. lifted its stake in abrdn Physical Precious Metals Basket Shares ETF by 1.9% in the 2nd quarter. Summit Wealth & Retirement Planning Inc. now owns 151,650 shares of the company’s stock worth $20,950,000 after acquiring an additional 2,896 shares in the last quarter. Finally, Wealthfront Advisers LLC boosted its position in abrdn Physical Precious Metals Basket Shares ETF by 77.4% during the 2nd quarter. Wealthfront Advisers LLC now owns 138,061 shares of the company’s stock worth $19,073,000 after acquiring an additional 60,238 shares during the period.

abrdn Physical Precious Metals Basket Shares ETF Company Profile

The abrdn Physical Precious Metals Basket Shares ETF (GLTR) is an exchange-traded fund that mostly invests in broad market commodities. The fund tracks the spot prices of a basket of gold, silver, platinum and palladium, less trust expenses. GLTR was launched on Oct 22, 2010 and is managed by Abrdn.