abrdn Physical Palladium Shares ETF (NYSEARCA:PALL) Stock Cross Above 200 Day Moving Average – Here’s What Happened

abrdn Physical Palladium Shares ETF (NYSEARCA:PALL)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $135.16 and traded as high as $162.43. abrdn Physical Palladium Shares ETF shares last traded at $162.43, with a volume of 257,741 shares traded.

abrdn Physical Palladium Shares ETF Price Performance

The company’s 50-day moving average is $161.45 and its two-hundred day moving average is $135.16.

Institutional Investors Weigh In On abrdn Physical Palladium Shares ETF

Several institutional investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets raised its position in abrdn Physical Palladium Shares ETF by 18.1% in the 4th quarter. BNP Paribas Financial Markets now owns 137,729 shares of the exchange traded fund’s stock valued at $20,023,000 after buying an additional 21,107 shares during the last quarter. Bank of America Corp DE grew its stake in shares of abrdn Physical Palladium Shares ETF by 389.6% in the 2nd quarter. Bank of America Corp DE now owns 125,787 shares of the exchange traded fund’s stock worth $12,655,000 after acquiring an additional 100,097 shares in the last quarter. Gradient Investments LLC raised its holdings in shares of abrdn Physical Palladium Shares ETF by 21.1% in the fourth quarter. Gradient Investments LLC now owns 95,808 shares of the exchange traded fund’s stock valued at $13,929,000 after purchasing an additional 16,676 shares during the last quarter. LPL Financial LLC lifted its position in shares of abrdn Physical Palladium Shares ETF by 124.3% during the fourth quarter. LPL Financial LLC now owns 77,629 shares of the exchange traded fund’s stock valued at $11,286,000 after purchasing an additional 43,021 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of abrdn Physical Palladium Shares ETF by 23.5% during the third quarter. JPMorgan Chase & Co. now owns 68,035 shares of the exchange traded fund’s stock valued at $7,768,000 after purchasing an additional 12,966 shares in the last quarter. Institutional investors own 23.28% of the company’s stock.

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.