abrdn Physical Palladium Shares ETF (NYSEARCA:PALL) Stock Pass Above 200 Day Moving Average – Here’s Why

abrdn Physical Palladium Shares ETF (NYSEARCA:PALL) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $138.12 and traded as high as $153.70. abrdn Physical Palladium Shares ETF shares last traded at $153.22, with a volume of 338,203 shares.

abrdn Physical Palladium Shares ETF Trading Up 3.7%

The firm has a 50-day moving average price of $160.41 and a 200 day moving average price of $138.12.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of PALL. Bank of America Corp DE lifted its stake in abrdn Physical Palladium Shares ETF by 389.6% in the second quarter. Bank of America Corp DE now owns 125,787 shares of the exchange traded fund’s stock worth $12,655,000 after purchasing an additional 100,097 shares during the last quarter. BNP Paribas Financial Markets boosted its position in abrdn Physical Palladium Shares ETF by 202.0% during the third quarter. BNP Paribas Financial Markets now owns 116,622 shares of the exchange traded fund’s stock valued at $13,315,000 after buying an additional 78,005 shares during the period. Manatuck Hill Partners LLC bought a new position in shares of abrdn Physical Palladium Shares ETF during the second quarter valued at about $6,540,000. LPL Financial LLC grew its stake in shares of abrdn Physical Palladium Shares ETF by 124.3% during the fourth quarter. LPL Financial LLC now owns 77,629 shares of the exchange traded fund’s stock valued at $11,286,000 after buying an additional 43,021 shares during the last quarter. Finally, Gradient Investments LLC increased its holdings in shares of abrdn Physical Palladium Shares ETF by 92.4% in the third quarter. Gradient Investments LLC now owns 79,132 shares of the exchange traded fund’s stock worth $9,034,000 after buying an additional 38,003 shares during the period. 23.28% of the stock is currently owned by institutional investors.

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.