abrdn Physical Palladium Shares ETF (NYSEARCA:PALL) Hits New 12-Month High – What’s Next?

abrdn Physical Palladium Shares ETF (NYSEARCA:PALL)’s share price hit a new 52-week high during trading on Friday . The company traded as high as $181.17 and last traded at $181.3010, with a volume of 234341 shares trading hands. The stock had previously closed at $175.91.

abrdn Physical Palladium Shares ETF Stock Up 4.0%

The firm’s fifty day moving average is $147.45 and its two-hundred day moving average is $126.13.

Hedge Funds Weigh In On abrdn Physical Palladium Shares ETF

A number of institutional investors have recently bought and sold shares of the stock. Perigon Wealth Management LLC purchased a new position in shares of abrdn Physical Palladium Shares ETF during the 3rd quarter worth approximately $451,000. HB Wealth Management LLC purchased a new position in shares of abrdn Physical Palladium Shares ETF in the 2nd quarter valued at approximately $211,000. Cetera Investment Advisers boosted its position in shares of abrdn Physical Palladium Shares ETF by 134.9% during the second quarter. Cetera Investment Advisers now owns 9,862 shares of the exchange traded fund’s stock valued at $992,000 after purchasing an additional 5,664 shares in the last quarter. Gradient Investments LLC boosted its position in shares of abrdn Physical Palladium Shares ETF by 92.4% during the third quarter. Gradient Investments LLC now owns 79,132 shares of the exchange traded fund’s stock valued at $9,034,000 after purchasing an additional 38,003 shares in the last quarter. Finally, Bell Bank purchased a new stake in abrdn Physical Palladium Shares ETF in the third quarter worth $571,000. 23.28% of the stock is owned by 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.