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

abrdn Physical Palladium Shares ETF (NYSEARCA:PALL) shares gapped down prior to trading on Wednesday . The stock had previously closed at $145.85, but opened at $138.94. abrdn Physical Palladium Shares ETF shares last traded at $141.16, with a volume of 82,917 shares traded.

abrdn Physical Palladium Shares ETF Trading Down 4.6%

The stock’s 50-day simple moving average is $159.87 and its two-hundred day simple moving average is $140.05.

Hedge Funds Weigh In On abrdn Physical Palladium Shares ETF

Large investors have recently made changes to their positions in the business. National Bank of Canada FI grew its holdings in abrdn Physical Palladium Shares ETF by 1.3% in the 3rd quarter. National Bank of Canada FI now owns 6,815 shares of the exchange traded fund’s stock valued at $777,000 after buying an additional 85 shares during the last quarter. Perigon Wealth Management LLC lifted its holdings in shares of abrdn Physical Palladium Shares ETF by 3.0% during the fourth quarter. Perigon Wealth Management LLC now owns 4,071 shares of the exchange traded fund’s stock worth $592,000 after buying an additional 120 shares during the last quarter. Benjamin Edwards Inc. lifted its holdings in shares of abrdn Physical Palladium Shares ETF by 5.1% during the third quarter. Benjamin Edwards Inc. now owns 3,069 shares of the exchange traded fund’s stock worth $350,000 after buying an additional 149 shares during the last quarter. Harbour Investments Inc. boosted its position in shares of abrdn Physical Palladium Shares ETF by 238.0% in the fourth quarter. Harbour Investments Inc. now owns 240 shares of the exchange traded fund’s stock valued at $35,000 after acquiring an additional 169 shares during the period. Finally, PNC Financial Services Group Inc. boosted its position in shares of abrdn Physical Palladium Shares ETF by 2,437.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 203 shares of the exchange traded fund’s stock valued at $30,000 after acquiring an additional 195 shares during the period. Institutional investors and hedge funds own 23.28% of the company’s stock.

About abrdn Physical Palladium Shares ETF

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.