abrdn Physical Precious Metals Basket Shares ETF (NYSEARCA:GLTR) Shares Gap Up – What’s Next?

abrdn Physical Precious Metals Basket Shares ETF (NYSEARCA:GLTR)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $224.85, but opened at $242.93. abrdn Physical Precious Metals Basket Shares ETF shares last traded at $241.1660, with a volume of 42,077 shares changing hands.

abrdn Physical Precious Metals Basket Shares ETF Price Performance

The company’s 50 day simple moving average is $216.27 and its 200-day simple moving average is $179.32.

Hedge Funds Weigh In On abrdn Physical Precious Metals Basket Shares ETF

Hedge funds have recently bought and sold shares of the business. Commonwealth Equity Services LLC lifted its position in shares of abrdn Physical Precious Metals Basket Shares ETF by 19.2% during the third quarter. Commonwealth Equity Services LLC now owns 97,103 shares of the company’s stock worth $16,066,000 after purchasing an additional 15,670 shares during the last quarter. FAS Wealth Partners Inc. purchased a new position in abrdn Physical Precious Metals Basket Shares ETF in the 3rd quarter worth about $397,000. Global View Capital Management LLC purchased a new position in abrdn Physical Precious Metals Basket Shares ETF in the 3rd quarter worth about $1,092,000. Advance Capital Management Inc. lifted its holdings in abrdn Physical Precious Metals Basket Shares ETF by 5.6% during the 3rd quarter. Advance Capital Management Inc. now owns 82,648 shares of the company’s stock valued at $13,674,000 after buying an additional 4,368 shares in the last quarter. Finally, Blair William & Co. IL purchased a new stake in abrdn Physical Precious Metals Basket Shares ETF in the 2nd quarter valued at about $246,000.

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.