abrdn Physical Palladium Shares ETF (NYSEARCA:PALL) Sets New 52-Week Low – What’s Next?

abrdn Physical Palladium Shares ETF (NYSEARCA:PALL) hit a new 52-week low on Wednesday. The company traded as low as $19.67 and last traded at $19.67, with a volume of 78,653 shares traded. The stock had previously closed at $19.94.

abrdn Physical Palladium Shares ETF Stock Performance

The business has a 50-day moving average of $22.79 and a two-hundred day moving average of $24.10.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Main Street Group LTD acquired a new position in shares of abrdn Physical Palladium Shares ETF during the first quarter worth $27,000. Strategic Investment Solutions Inc. IL boosted its position in shares of abrdn Physical Palladium Shares ETF by 400.0% in the 2nd quarter. Strategic Investment Solutions Inc. IL now owns 1,150 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 920 shares in the last quarter. IFP Advisors Inc acquired a new stake in shares of abrdn Physical Palladium Shares ETF in the 3rd quarter worth $38,000. Noble Wealth Management PBC grew its stake in abrdn Physical Palladium Shares ETF by 400.0% during the 2nd quarter. Noble Wealth Management PBC now owns 2,010 shares of the exchange traded fund’s stock worth $44,000 after buying an additional 1,608 shares during the last quarter. Finally, Cardiff Park Advisors LLC purchased a new position in abrdn Physical Palladium Shares ETF during the 1st quarter worth $302,000. Hedge funds and other institutional investors 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.