abrdn Physical Palladium Shares ETF (NYSEARCA:PALL) Sets New 52-Week Low – Here’s What Happened

abrdn Physical Palladium Shares ETF (NYSEARCA:PALL)’s stock price hit a new 52-week low during trading on Wednesday. The stock traded as low as $20.20 and last traded at $20.2710, with a volume of 268819 shares. The stock had previously closed at $21.25.

abrdn Physical Palladium Shares ETF Stock Down 4.1%

The business’s 50 day simple moving average is $23.76 and its 200-day simple moving average is $24.62.

Hedge Funds Weigh In On abrdn Physical Palladium Shares ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Integrated Wealth Concepts LLC acquired a new stake in shares of abrdn Physical Palladium Shares ETF in the 2nd quarter valued at about $57,000. NewEdge Advisors LLC boosted its position in shares of abrdn Physical Palladium Shares ETF by 333.7% during the second quarter. NewEdge Advisors LLC now owns 11,368 shares of the exchange traded fund’s stock worth $251,000 after buying an additional 8,747 shares during the period. Tucker Asset Management LLC grew its holdings in shares of abrdn Physical Palladium Shares ETF by 452.5% during the second quarter. Tucker Asset Management LLC now owns 9,288 shares of the exchange traded fund’s stock worth $205,000 after buying an additional 7,607 shares in the last quarter. Ameritas Advisory Services LLC grew its holdings in shares of abrdn Physical Palladium Shares ETF by 384.0% during the second quarter. Ameritas Advisory Services LLC now owns 22,625 shares of the exchange traded fund’s stock worth $500,000 after buying an additional 17,950 shares in the last quarter. Finally, HB Wealth Management LLC raised its position in abrdn Physical Palladium Shares ETF by 400.0% in the 2nd quarter. HB Wealth Management LLC now owns 10,475 shares of the exchange traded fund’s stock valued at $231,000 after buying an additional 8,380 shares during the last quarter. 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.