abrdn Physical Palladium Shares ETF (NYSEARCA:PALL) Share Price Pass Above 200 Day Moving Average – Here’s What Happened

Shares of abrdn Physical Palladium Shares ETF (NYSEARCA:PALL) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $113.43 and traded as high as $140.37. abrdn Physical Palladium Shares ETF shares last traded at $136.50, with a volume of 516,425 shares trading hands.

abrdn Physical Palladium Shares ETF Stock Performance

The stock has a 50-day moving average price of $131.05 and a 200-day moving average price of $113.43.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of PALL. National Bank of Canada FI increased its position in shares of abrdn Physical Palladium Shares ETF by 1.3% during the third quarter. National Bank of Canada FI now owns 6,815 shares of the exchange traded fund’s stock worth $777,000 after buying an additional 85 shares during the period. Benjamin Edwards Inc. grew its holdings in abrdn Physical Palladium Shares ETF by 5.1% during the 3rd quarter. Benjamin Edwards Inc. now owns 3,069 shares of the exchange traded fund’s stock worth $350,000 after acquiring an additional 149 shares during the period. Mattson Financial Services LLC bought a new position in shares of abrdn Physical Palladium Shares ETF in the 1st quarter worth about $25,000. Linden Thomas Advisory Services LLC raised its position in shares of abrdn Physical Palladium Shares ETF by 7.6% in the 3rd quarter. Linden Thomas Advisory Services LLC now owns 6,790 shares of the exchange traded fund’s stock worth $775,000 after acquiring an additional 481 shares in the last quarter. Finally, Compound Planning Inc. lifted its stake in shares of abrdn Physical Palladium Shares ETF by 28.4% in the 3rd quarter. Compound Planning Inc. now owns 2,555 shares of the exchange traded fund’s stock valued at $292,000 after purchasing an additional 565 shares during the period. Institutional investors and hedge funds own 23.28% of the company’s stock.

abrdn Physical Palladium Shares ETF Company Profile

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).