abrdn Physical Palladium Shares ETF (NYSEARCA:PALL) Sees Unusually-High Trading Volume – Here’s Why

abrdn Physical Palladium Shares ETF (NYSEARCA:PALLGet Free Report) shares saw unusually-strong trading volume on Monday . Approximately 533,074 shares traded hands during mid-day trading, an increase of 80% from the previous session’s volume of 296,464 shares.The stock last traded at $148.2840 and had previously closed at $175.91.

abrdn Physical Palladium Shares ETF Stock Down 16.4%

The firm’s fifty day moving average price is $135.76 and its 200 day moving average price is $118.24.

Hedge Funds Weigh In On abrdn Physical Palladium Shares ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Mattson Financial Services LLC acquired a new stake in abrdn Physical Palladium Shares ETF during the first quarter worth about $25,000. Advisory Services Network LLC acquired a new stake in shares of abrdn Physical Palladium Shares ETF during the 3rd quarter worth approximately $92,000. Binnacle Investments Inc purchased a new position in shares of abrdn Physical Palladium Shares ETF during the 3rd quarter valued at approximately $103,000. US Bancorp DE lifted its stake in shares of 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 valued at $179,000 after purchasing an additional 1,074 shares during the period. Finally, Truist Financial Corp acquired a new position in shares of abrdn Physical Palladium Shares ETF in the 3rd quarter valued at $203,000. Institutional investors and hedge funds own 23.28% of the company’s stock.

About abrdn Physical Palladium Shares ETF

(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.

See Also

Receive News & Ratings for abrdn Physical Palladium Shares ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for abrdn Physical Palladium Shares ETF and related companies with MarketBeat.com's FREE daily email newsletter.