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

abrdn Physical Precious Metals Basket Shares ETF (NYSEARCA:GLTR)’s share price gapped down prior to trading on Monday . The stock had previously closed at $209.29, but opened at $202.09. abrdn Physical Precious Metals Basket Shares ETF shares last traded at $201.32, with a volume of 4,934 shares.

abrdn Physical Precious Metals Basket Shares ETF Trading Down 0.9%

The company has a 50-day moving average of $189.46 and a two-hundred day moving average of $210.04.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in GLTR. Morgan Stanley raised its stake in abrdn Physical Precious Metals Basket Shares ETF by 6.6% during the 4th quarter. Morgan Stanley now owns 553,776 shares of the company’s stock worth $113,856,000 after acquiring an additional 34,142 shares during the period. Wells Fargo & Company MN increased its stake in shares of abrdn Physical Precious Metals Basket Shares ETF by 12.0% in the fourth quarter. Wells Fargo & Company MN now owns 471,068 shares of the company’s stock worth $96,852,000 after purchasing an additional 50,391 shares in the last quarter. Bank of America Corp DE increased its stake in shares of abrdn Physical Precious Metals Basket Shares ETF by 5.9% in the first quarter. Bank of America Corp DE now owns 392,631 shares of the company’s stock worth $85,876,000 after purchasing an additional 21,793 shares in the last quarter. LPL Financial LLC raised its position in shares of abrdn Physical Precious Metals Basket Shares ETF by 39.6% during the 4th quarter. LPL Financial LLC now owns 380,713 shares of the company’s stock valued at $78,275,000 after purchasing an additional 107,963 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of abrdn Physical Precious Metals Basket Shares ETF by 10.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 232,088 shares of the company’s stock valued at $47,717,000 after purchasing an additional 21,283 shares during the period.

abrdn Physical Precious Metals Basket Shares ETF Company Profile

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.