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

abrdn Physical Palladium Shares ETF (NYSEARCA:PALL)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $24.63, but opened at $23.84. abrdn Physical Palladium Shares ETF shares last traded at $24.06, with a volume of 237,605 shares changing hands.

abrdn Physical Palladium Shares ETF Stock Performance

The firm has a 50-day moving average price of $23.35 and a two-hundred day moving average price of $26.18.

Institutional Investors Weigh In On abrdn Physical Palladium Shares ETF

Several large investors have recently added to or reduced their stakes in PALL. Main Street Group LTD purchased a new position in shares of abrdn Physical Palladium Shares ETF during the first quarter worth approximately $27,000. PNC Financial Services Group Inc. increased its holdings in abrdn Physical Palladium Shares ETF by 2,437.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 203 shares of the exchange traded fund’s stock worth $30,000 after purchasing an additional 195 shares during the period. Harbour Investments Inc. increased its holdings in abrdn Physical Palladium Shares ETF by 238.0% during the 4th quarter. Harbour Investments Inc. now owns 240 shares of the exchange traded fund’s stock worth $35,000 after purchasing an additional 169 shares during the period. Creative Financial Designs Inc. ADV bought a new stake in abrdn Physical Palladium Shares ETF during the 4th quarter valued at $100,000. Finally, Advisory Services Network LLC purchased a new stake in shares of abrdn Physical Palladium Shares ETF in the 3rd quarter worth $92,000. 23.28% of the stock is owned by hedge funds and other institutional investors.

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.