abrdn Physical Precious Metals Basket Shares ETF (NYSEARCA:GLTR) Shares Gap Down – Here’s Why

abrdn Physical Precious Metals Basket Shares ETF (NYSEARCA:GLTR) gapped down before the market opened on Monday . The stock had previously closed at $209.29, but opened at $202.09. abrdn Physical Precious Metals Basket Shares ETF shares last traded at $201.32, with a volume of 4,934 shares trading hands.

abrdn Physical Precious Metals Basket Shares ETF Stock Down 0.9%

The stock has a 50 day moving average price of $189.46 and a 200-day moving average price of $210.04.

Institutional Investors Weigh In On abrdn Physical Precious Metals Basket Shares ETF

A number of large investors have recently made changes to their positions in GLTR. Royal Bank of Canada boosted its holdings in shares of abrdn Physical Precious Metals Basket Shares ETF by 3.2% in the first quarter. Royal Bank of Canada now owns 24,723 shares of the company’s stock worth $3,201,000 after buying an additional 763 shares during the last quarter. Baird Financial Group Inc. increased its holdings in abrdn Physical Precious Metals Basket Shares ETF by 19.6% during the second quarter. Baird Financial Group Inc. now owns 3,517 shares of the company’s stock valued at $486,000 after buying an additional 576 shares during the last quarter. NewEdge Advisors LLC raised its position in abrdn Physical Precious Metals Basket Shares ETF by 21.4% in the second quarter. NewEdge Advisors LLC now owns 8,388 shares of the company’s stock worth $1,159,000 after acquiring an additional 1,477 shares during the period. Peapack Gladstone Financial Corp raised its position in abrdn Physical Precious Metals Basket Shares ETF by 88.8% in the second quarter. Peapack Gladstone Financial Corp now owns 3,190 shares of the company’s stock worth $440,000 after acquiring an additional 1,500 shares during the period. Finally, Raymond James Financial Inc. boosted its stake in shares of abrdn Physical Precious Metals Basket Shares ETF by 1.1% during the 2nd quarter. Raymond James Financial Inc. now owns 33,743 shares of the company’s stock worth $4,662,000 after acquiring an additional 358 shares during the last quarter.

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.