abrdn Physical Palladium Shares ETF (NYSEARCA:PALL) Shares Gap Down – Here’s What Happened

abrdn Physical Palladium Shares ETF (NYSEARCA:PALL) shares gapped down before the market opened on Wednesday . The stock had previously closed at $165.37, but opened at $157.42. abrdn Physical Palladium Shares ETF shares last traded at $158.70, with a volume of 353,060 shares changing hands.

abrdn Physical Palladium Shares ETF Stock Performance

The stock has a 50-day simple moving average of $138.60 and a 200 day simple moving average of $120.98.

Hedge Funds Weigh In On abrdn Physical Palladium Shares ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Perigon Wealth Management LLC acquired a new position in abrdn Physical Palladium Shares ETF in the third quarter valued at approximately $451,000. HB Wealth Management LLC acquired a new stake in shares of abrdn Physical Palladium Shares ETF during the 2nd quarter worth approximately $211,000. Cetera Investment Advisers increased its holdings in shares of abrdn Physical Palladium Shares ETF by 134.9% during the 2nd quarter. Cetera Investment Advisers now owns 9,862 shares of the exchange traded fund’s stock valued at $992,000 after purchasing an additional 5,664 shares in the last quarter. Gradient Investments LLC increased its holdings in shares of 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 purchasing an additional 38,003 shares in the last quarter. Finally, Bell Bank acquired a new position in shares of abrdn Physical Palladium Shares ETF in the 3rd quarter valued at $571,000. Institutional investors and hedge funds own 23.28% of the company’s stock.

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.