abrdn Physical Palladium Shares ETF (NYSEARCA:PALL) Shares Cross Above 200 Day Moving Average – What’s Next?

abrdn Physical Palladium Shares ETF (NYSEARCA:PALL) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $132.02 and traded as high as $155.12. abrdn Physical Palladium Shares ETF shares last traded at $153.47, with a volume of 436,110 shares.

abrdn Physical Palladium Shares ETF Trading Up 4.4%

The stock’s 50-day simple moving average is $158.42 and its 200 day simple moving average is $132.02.

Institutional Investors Weigh In On abrdn Physical Palladium Shares ETF

Hedge funds have recently added to or reduced their stakes in the business. Perigon Wealth Management LLC bought a new position in abrdn Physical Palladium Shares ETF in the third quarter worth approximately $451,000. Cetera Investment Advisers increased its holdings in shares of abrdn Physical Palladium Shares ETF by 134.9% during the second quarter. Cetera Investment Advisers now owns 9,862 shares of the exchange traded fund’s stock valued at $992,000 after acquiring an additional 5,664 shares in the last quarter. Gradient Investments LLC raised its position in shares of abrdn Physical Palladium Shares ETF by 92.4% during the third quarter. Gradient Investments LLC now owns 79,132 shares of the exchange traded fund’s stock worth $9,034,000 after purchasing an additional 38,003 shares during the period. Bell Bank bought a new position in shares of abrdn Physical Palladium Shares ETF in the 3rd quarter worth $571,000. Finally, IMC Chicago LLC acquired a new stake in abrdn Physical Palladium Shares ETF in the 3rd quarter valued at $3,579,000. 23.28% of the stock is currently owned by institutional investors.

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). The Fund’s sponsor is ETF Securities USA LLC, which is a wholly owned subsidiary of ETF Securities Ltd.