abrdn Physical Precious Metals Basket Shares ETF (NYSEARCA:GLTR) Hits New 12-Month High – Here’s What Happened

Shares of abrdn Physical Precious Metals Basket Shares ETF (NYSEARCA:GLTR) reached a new 52-week high during trading on Tuesday . The company traded as high as $244.62 and last traded at $244.2950, with a volume of 55969 shares. The stock had previously closed at $233.44.

abrdn Physical Precious Metals Basket Shares ETF Stock Performance

The company has a 50-day simple moving average of $204.26 and a 200-day simple moving average of $172.91.

Institutional Investors 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 GLTR. Sowell Financial Services LLC grew its stake in abrdn Physical Precious Metals Basket Shares ETF by 3.9% in the 4th quarter. Sowell Financial Services LLC now owns 1,738 shares of the company’s stock worth $357,000 after acquiring an additional 65 shares in the last quarter. Prospera Financial Services Inc raised its holdings in shares of abrdn Physical Precious Metals Basket Shares ETF by 2.9% in the third quarter. Prospera Financial Services Inc now owns 3,167 shares of the company’s stock valued at $524,000 after acquiring an additional 89 shares in the last quarter. Private Advisor Group LLC raised its holdings in shares of abrdn Physical Precious Metals Basket Shares ETF by 2.8% in the third quarter. Private Advisor Group LLC now owns 3,321 shares of the company’s stock valued at $549,000 after acquiring an additional 92 shares in the last quarter. Focus Partners Advisor Solutions LLC lifted its stake in abrdn Physical Precious Metals Basket Shares ETF by 6.2% in the second quarter. Focus Partners Advisor Solutions LLC now owns 1,927 shares of the company’s stock worth $266,000 after acquiring an additional 112 shares during the period. Finally, PFG Advisors increased its position in abrdn Physical Precious Metals Basket Shares ETF by 4.0% during the 3rd quarter. PFG Advisors now owns 2,920 shares of the company’s stock valued at $483,000 after purchasing an additional 113 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.