abrdn Physical Precious Metals Basket Shares ETF (NYSEARCA:GLTR) Shares Gap Down – What’s Next?

abrdn Physical Precious Metals Basket Shares ETF (NYSEARCA:GLTR) gapped down before the market opened on Friday . The stock had previously closed at $285.22, but opened at $256.15. abrdn Physical Precious Metals Basket Shares ETF shares last traded at $254.1710, with a volume of 65,753 shares.

abrdn Physical Precious Metals Basket Shares ETF Trading Down 18.0%

The business has a 50-day moving average of $215.34 and a 200-day moving average of $178.48.

Institutional Investors Weigh In On abrdn Physical Precious Metals Basket Shares ETF

A number of institutional investors have recently modified their holdings of GLTR. Ameriprise Financial Inc. boosted its stake in shares of abrdn Physical Precious Metals Basket Shares ETF by 953.1% in the third quarter. Ameriprise Financial Inc. now owns 128,338 shares of the company’s stock valued at $21,227,000 after purchasing an additional 116,151 shares during the period. Wealthfront Advisers LLC raised its position in shares of abrdn Physical Precious Metals Basket Shares ETF by 77.4% during the 2nd quarter. Wealthfront Advisers LLC now owns 138,061 shares of the company’s stock worth $19,073,000 after acquiring an additional 60,238 shares in the last quarter. WJ Wealth Management LLC acquired a new stake in abrdn Physical Precious Metals Basket Shares ETF during the second quarter worth approximately $6,947,000. Focus Partners Wealth raised its stake in abrdn Physical Precious Metals Basket Shares ETF by 19.4% during the 3rd quarter. Focus Partners Wealth now owns 206,430 shares of the company’s stock worth $34,154,000 after acquiring an additional 33,587 shares in the last quarter. Finally, Bank of America Corp DE increased its position in shares of abrdn Physical Precious Metals Basket Shares ETF by 8.2% during the third quarter. Bank of America Corp DE now owns 379,067 shares of the company’s stock worth $62,717,000 after purchasing an additional 28,819 shares in the last quarter.

About abrdn Physical Precious Metals Basket Shares ETF

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.