abrdn Physical Precious Metals Basket Shares ETF (NYSEARCA:GLTR) Sets New 1-Year High – Time to Buy?

abrdn Physical Precious Metals Basket Shares ETF (NYSEARCA:GLTR)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $272.42 and last traded at $273.1770, with a volume of 109554 shares. The stock had previously closed at $260.53.

abrdn Physical Precious Metals Basket Shares ETF Price Performance

The company’s fifty day moving average is $205.95 and its 200 day moving average is $174.24.

Institutional Trading of abrdn Physical Precious Metals Basket Shares ETF

A number of institutional investors have recently added to or reduced their stakes in GLTR. Measured Wealth Private Client Group LLC purchased a new position in abrdn Physical Precious Metals Basket Shares ETF in the third quarter valued at about $32,000. Ameritas Advisory Services LLC acquired a new position in shares of abrdn Physical Precious Metals Basket Shares ETF in the 2nd quarter valued at approximately $29,000. GGM Financials LLC acquired a new position in shares of abrdn Physical Precious Metals Basket Shares ETF in the 3rd quarter valued at approximately $38,000. Grey Fox Wealth Advisors LLC purchased a new position in shares of abrdn Physical Precious Metals Basket Shares ETF during the 3rd quarter valued at approximately $39,000. Finally, IFP Advisors Inc grew its position in shares of abrdn Physical Precious Metals Basket Shares ETF by 100.0% during the second quarter. IFP Advisors Inc now owns 246 shares of the company’s stock worth $34,000 after buying an additional 123 shares in the last quarter.

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.