abrdn Physical Precious Metals Basket Shares ETF (NYSEARCA:GLTR) Sees Large Volume Increase – Here’s Why

abrdn Physical Precious Metals Basket Shares ETF (NYSEARCA:GLTR) shares saw an uptick in trading volume on Tuesday . 56,492 shares changed hands during mid-day trading, a decline of 8% from the previous session’s volume of 61,458 shares.The stock last traded at $212.8920 and had previously closed at $208.96.

abrdn Physical Precious Metals Basket Shares ETF Stock Performance

The company has a 50-day simple moving average of $185.32 and a 200-day simple moving average of $162.37.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Ameriprise Financial Inc. grew its stake in shares of abrdn Physical Precious Metals Basket Shares ETF by 953.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 128,338 shares of the company’s stock worth $21,227,000 after purchasing an additional 116,151 shares during the period. Jones Financial Companies Lllp lifted its stake in shares of abrdn Physical Precious Metals Basket Shares ETF by 2,258.8% in the first quarter. Jones Financial Companies Lllp now owns 81,071 shares of the company’s stock valued at $10,496,000 after purchasing an additional 77,634 shares during the period. Wealthfront Advisers LLC boosted its holdings in abrdn Physical Precious Metals Basket Shares ETF by 77.4% during the second quarter. Wealthfront Advisers LLC now owns 138,061 shares of the company’s stock worth $19,073,000 after buying an additional 60,238 shares in the last quarter. WJ Wealth Management LLC purchased a new stake in abrdn Physical Precious Metals Basket Shares ETF during the second quarter worth about $6,947,000. Finally, Focus Partners Wealth grew its position in abrdn Physical Precious Metals Basket Shares ETF by 43.7% during the first quarter. Focus Partners Wealth now owns 146,566 shares of the company’s stock worth $18,976,000 after buying an additional 44,543 shares during the period.

About abrdn Physical Precious Metals Basket Shares ETF

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.