abrdn Physical Precious Metals Basket Shares ETF (NYSEARCA:GLTR) Shares Gap Down – Here’s Why

abrdn Physical Precious Metals Basket Shares ETF (NYSEARCA:GLTR) gapped down prior to trading on Monday . The stock had previously closed at $222.35, but opened at $210.70. abrdn Physical Precious Metals Basket Shares ETF shares last traded at $207.9340, with a volume of 247,755 shares.

abrdn Physical Precious Metals Basket Shares ETF Stock Performance

The business’s 50-day moving average price is $186.07 and its 200 day moving average price is $162.88.

Hedge Funds Weigh In On abrdn Physical Precious Metals Basket Shares ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE increased its position in shares of abrdn Physical Precious Metals Basket Shares ETF by 8.2% during the third quarter. Bank of America Corp DE now owns 379,067 shares of the company’s stock worth $62,717,000 after acquiring an additional 28,819 shares during the last quarter. Focus Partners Wealth grew its stake in abrdn Physical Precious Metals Basket Shares ETF by 19.4% during the 3rd quarter. Focus Partners Wealth now owns 206,430 shares of the company’s stock valued at $34,154,000 after purchasing an additional 33,587 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in abrdn Physical Precious Metals Basket Shares ETF by 3.0% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 198,975 shares of the company’s stock valued at $33,931,000 after purchasing an additional 5,731 shares in the last quarter. Summit Wealth & Retirement Planning Inc. increased its holdings in abrdn Physical Precious Metals Basket Shares ETF by 1.9% during the 2nd quarter. Summit Wealth & Retirement Planning Inc. now owns 151,650 shares of the company’s stock worth $20,950,000 after purchasing an additional 2,896 shares during the last quarter. Finally, Wealthfront Advisers LLC raised its position in shares of abrdn Physical Precious Metals Basket Shares ETF by 77.4% in the 2nd quarter. Wealthfront Advisers LLC now owns 138,061 shares of the company’s stock valued at $19,073,000 after purchasing an additional 60,238 shares in the last quarter.

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.