abrdn Physical Palladium Shares ETF (NYSEARCA:PALL) Reaches New 52-Week Low – Here’s What Happened

abrdn Physical Palladium Shares ETF (NYSEARCA:PALL)’s share price reached a new 52-week low on Wednesday. The stock traded as low as $19.99 and last traded at $20.0450, with a volume of 239,371 shares changing hands. The stock had previously closed at $20.38.

abrdn Physical Palladium Shares ETF Stock Down 2.8%

The company’s fifty day simple moving average is $23.47 and its two-hundred day simple moving average is $24.37.

Hedge Funds Weigh In On abrdn Physical Palladium Shares ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Integrated Wealth Concepts LLC acquired a new stake in abrdn Physical Palladium Shares ETF during the 2nd quarter worth approximately $57,000. NewEdge Advisors LLC boosted its stake in abrdn Physical Palladium Shares ETF by 333.7% in the 2nd quarter. NewEdge Advisors LLC now owns 11,368 shares of the exchange traded fund’s stock valued at $251,000 after purchasing an additional 8,747 shares during the period. Tucker Asset Management LLC grew its holdings in abrdn Physical Palladium Shares ETF by 452.5% in the 2nd quarter. Tucker Asset Management LLC now owns 9,288 shares of the exchange traded fund’s stock valued at $205,000 after buying an additional 7,607 shares in the last quarter. Ameritas Advisory Services LLC grew its holdings in abrdn Physical Palladium Shares ETF by 384.0% in the 2nd quarter. Ameritas Advisory Services LLC now owns 22,625 shares of the exchange traded fund’s stock valued at $500,000 after buying an additional 17,950 shares in the last quarter. Finally, HB Wealth Management LLC grew its holdings in abrdn Physical Palladium Shares ETF by 400.0% in the 2nd quarter. HB Wealth Management LLC now owns 10,475 shares of the exchange traded fund’s stock valued at $231,000 after buying an additional 8,380 shares in the last quarter. Institutional investors and hedge funds own 23.28% of the company’s stock.

About abrdn Physical Palladium Shares ETF

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.