abrdn Physical Palladium Shares ETF (NYSEARCA:PALL) Stock Price Cross Above 200-Day Moving Average – What’s Next?

Shares of abrdn Physical Palladium Shares ETF (NYSEARCA:PALL) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $132.02 and traded as high as $155.12. abrdn Physical Palladium Shares ETF shares last traded at $153.47, with a volume of 436,110 shares traded.

abrdn Physical Palladium Shares ETF Stock Up 4.4%

The business has a fifty day moving average of $158.42 and a 200-day moving average of $132.14.

Hedge Funds Weigh In On abrdn Physical Palladium Shares ETF

Institutional investors have recently made changes to their positions in the company. National Bank of Canada FI lifted its stake in abrdn Physical Palladium Shares ETF by 1.3% in the third quarter. National Bank of Canada FI now owns 6,815 shares of the exchange traded fund’s stock worth $777,000 after acquiring an additional 85 shares during the period. Perigon Wealth Management LLC lifted its position in shares of abrdn Physical Palladium Shares ETF by 3.0% in the 4th quarter. Perigon Wealth Management LLC now owns 4,071 shares of the exchange traded fund’s stock worth $592,000 after purchasing an additional 120 shares during the period. Benjamin Edwards Inc. increased its holdings in 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 valued at $350,000 after buying an additional 149 shares during the period. Harbour Investments Inc. raised its stake in 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 worth $35,000 after buying an additional 169 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in 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 worth $30,000 after buying an additional 195 shares in the last quarter. Hedge funds and other institutional investors 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.