abrdn Physical Palladium Shares ETF (NYSEARCA:PALL) Reaches New 1-Year Low – What’s Next?

abrdn Physical Palladium Shares ETF (NYSEARCA:PALL) hit a new 52-week low during mid-day trading on Tuesday. The company traded as low as $18.38 and last traded at $18.5240, with a volume of 194,458 shares trading hands. The stock had previously closed at $18.94.

abrdn Physical Palladium Shares ETF Trading Down 1.1%

The firm’s fifty day moving average price is $22.57 and its two-hundred day moving average price is $26.06.

Institutional Investors Weigh In On abrdn Physical Palladium Shares ETF

A number of hedge funds have recently added to or reduced their stakes in PALL. Copley Financial Group Inc. increased its position in abrdn Physical Palladium Shares ETF by 165.8% during the second quarter. Copley Financial Group Inc. now owns 45,170 shares of the exchange traded fund’s stock valued at $997,000 after acquiring an additional 28,179 shares during the last quarter. Gradient Investments LLC lifted its holdings in abrdn Physical Palladium Shares ETF by 378.3% in the second quarter. Gradient Investments LLC now owns 575,505 shares of the exchange traded fund’s stock valued at $12,707,000 after acquiring an additional 455,175 shares during the period. Noble Wealth Management PBC lifted its holdings in abrdn Physical Palladium Shares ETF by 400.0% in the second quarter. Noble Wealth Management PBC now owns 2,010 shares of the exchange traded fund’s stock valued at $44,000 after acquiring an additional 1,608 shares during the period. Rockefeller Capital Management L.P. boosted its position in abrdn Physical Palladium Shares ETF by 131.6% in the fourth quarter. Rockefeller Capital Management L.P. now owns 18,021 shares of the exchange traded fund’s stock worth $2,620,000 after purchasing an additional 10,241 shares during the last quarter. Finally, Renaissance Technologies LLC purchased a new position in abrdn Physical Palladium Shares ETF in the first quarter worth about $983,000. 23.28% of the stock is currently owned by hedge funds and other institutional investors.

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.