Evergreen Capital Management LLC reduced its holdings in shares of abrdn Physical Palladium Shares ETF (NYSEARCA:PALL – Free Report) by 23.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 32,223 shares of the exchange traded fund’s stock after selling 10,075 shares during the period. Evergreen Capital Management LLC owned about 0.43% of abrdn Physical Palladium Shares ETF worth $4,685,000 at the end of the most recent quarter.
Other hedge funds also recently added to or reduced their stakes in the company. Noble Wealth Management PBC purchased a new stake in shares of abrdn Physical Palladium Shares ETF during the fourth quarter worth $29,000. Spire Wealth Management purchased a new position in abrdn Physical Palladium Shares ETF in the fourth quarter valued at $31,000. Advisory Services Network LLC purchased a new position in abrdn Physical Palladium Shares ETF in the third quarter valued at $92,000. Binnacle Investments Inc acquired a new position in abrdn Physical Palladium Shares ETF during the 3rd quarter worth $103,000. Finally, US Bancorp DE grew its stake in abrdn Physical Palladium Shares ETF by 219.2% during the 3rd quarter. US Bancorp DE now owns 1,564 shares of the exchange traded fund’s stock worth $179,000 after purchasing an additional 1,074 shares in the last quarter. 23.28% of the stock is currently owned by institutional investors and hedge funds.
abrdn Physical Palladium Shares ETF Stock Performance
Shares of NYSEARCA PALL opened at $138.12 on Wednesday. The stock’s 50-day moving average is $144.41 and its two-hundred day moving average is $144.78. abrdn Physical Palladium Shares ETF has a 1-year low of $84.90 and a 1-year high of $197.41.
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.
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