abrdn Physical Palladium Shares ETF (NYSEARCA:PALL) Sees Strong Trading Volume – Should You Buy?

abrdn Physical Palladium Shares ETF (NYSEARCA:PALL) saw unusually-high trading volume on Monday . Approximately 642,199 shares were traded during mid-day trading, an increase of 8% from the previous session’s volume of 595,697 shares.The stock last traded at $194.8650 and had previously closed at $184.74.

abrdn Physical Palladium Shares ETF Trading Up 6.2%

The company’s 50-day moving average is $151.87 and its two-hundred day moving average is $128.48.

Institutional Investors Weigh In On abrdn Physical Palladium Shares ETF

A number of hedge funds have recently modified their holdings of PALL. Noble Wealth Management PBC bought a new position in abrdn Physical Palladium Shares ETF during the fourth quarter valued at $29,000. Spire Wealth Management purchased a new position in shares of abrdn Physical Palladium Shares ETF during the 4th quarter valued at $31,000. Quaker Wealth Management LLC purchased a new position in shares of abrdn Physical Palladium Shares ETF during the 4th quarter valued at $35,000. Advisory Services Network LLC bought a new position in shares of abrdn Physical Palladium Shares ETF during the 3rd quarter worth $92,000. Finally, Binnacle Investments Inc purchased a new stake in abrdn Physical Palladium Shares ETF in the 3rd quarter worth about $103,000. 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.