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

abrdn Physical Palladium Shares ETF (NYSEARCA:PALL)’s stock price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $181.17 and last traded at $181.3010, with a volume of 234341 shares trading hands. The stock had previously closed at $175.91.

abrdn Physical Palladium Shares ETF Stock Up 5.0%

The company has a fifty day moving average price of $148.59 and a 200 day moving average price of $126.89.

Institutional Trading of abrdn Physical Palladium Shares ETF

Several hedge funds and other institutional investors have recently bought and sold shares of PALL. National Bank of Canada FI boosted 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 valued at $777,000 after purchasing an additional 85 shares in the last quarter. Perigon Wealth Management LLC lifted its position in abrdn Physical Palladium Shares ETF by 3.0% during the fourth quarter. Perigon Wealth Management LLC now owns 4,071 shares of the exchange traded fund’s stock valued at $592,000 after buying an additional 120 shares during the period. Benjamin Edwards Inc. boosted its holdings in shares of 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 valued at $350,000 after buying an additional 149 shares in the last quarter. Noble Wealth Management PBC bought a new stake in shares of abrdn Physical Palladium Shares ETF during the 4th quarter valued at $29,000. Finally, Spire Wealth Management purchased a new stake in shares of abrdn Physical Palladium Shares ETF in the 4th quarter worth about $31,000. 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.