abrdn Physical Precious Metals Basket Shares ETF (NYSEARCA:GLTR) Sets New 52-Week Low – Here’s Why

abrdn Physical Precious Metals Basket Shares ETF (NYSEARCA:GLTR)’s share price hit a new 52-week low during mid-day trading on Friday. The stock traded as low as $167.00 and last traded at $166.5740, with a volume of 22,814 shares. The stock had previously closed at $172.70.

abrdn Physical Precious Metals Basket Shares ETF Trading Down 3.8%

The business’s 50-day moving average is $191.60 and its 200-day moving average is $209.12.

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

Institutional investors have recently modified their holdings of the stock. Integrity Advisory Solutions LLC raised its position in shares of abrdn Physical Precious Metals Basket Shares ETF by 16.1% in the third quarter. Integrity Advisory Solutions LLC now owns 1,327 shares of the company’s stock worth $247,000 after acquiring an additional 184 shares during the period. Vise Technologies Inc. purchased a new position in shares of abrdn Physical Precious Metals Basket Shares ETF in the 3rd quarter valued at about $1,246,000. Financial Network Wealth Advisors LLC raised its holdings in abrdn Physical Precious Metals Basket Shares ETF by 55.2% in the 3rd quarter. Financial Network Wealth Advisors LLC now owns 489 shares of the company’s stock worth $91,000 after purchasing an additional 174 shares during the period. D.A. Davidson & CO. acquired a new stake in abrdn Physical Precious Metals Basket Shares ETF in the third quarter valued at approximately $216,000. Finally, Latitude Advisors LLC purchased a new stake in shares of abrdn Physical Precious Metals Basket Shares ETF in the third quarter valued at approximately $42,000.

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.