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) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $272.42 and last traded at $273.1770, with a volume of 109554 shares traded. The stock had previously closed at $260.53.

abrdn Physical Precious Metals Basket Shares ETF Stock Up 2.5%

The stock has a 50 day moving average of $205.95 and a two-hundred day moving average of $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. Ameritas Advisory Services LLC acquired a new position in abrdn Physical Precious Metals Basket Shares ETF during the second quarter worth about $29,000. Measured Wealth Private Client Group LLC acquired a new position in abrdn Physical Precious Metals Basket Shares ETF in the third quarter valued at $32,000. IFP Advisors Inc lifted its position in 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 during the period. GGM Financials LLC acquired a new stake in shares of abrdn Physical Precious Metals Basket Shares ETF in the third quarter worth approximately $38,000. Finally, Grey Fox Wealth Advisors LLC acquired a new position in shares of abrdn Physical Precious Metals Basket Shares ETF in the 3rd quarter valued at $39,000.

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.