abrdn Physical Palladium Shares ETF (NYSEARCA:PALL) Sees Unusually-High Trading Volume – Time to Buy?

abrdn Physical Palladium Shares ETF (NYSEARCA:PALL) shares saw unusually-strong trading volume on Monday . Approximately 348,481 shares were traded during mid-day trading, an increase of 27% from the previous session’s volume of 274,898 shares.The stock last traded at $144.2210 and had previously closed at $136.50.

abrdn Physical Palladium Shares ETF Stock Up 4.9%

The firm’s 50 day simple moving average is $131.05 and its 200 day simple moving average is $113.77.

Institutional Investors Weigh In On abrdn Physical Palladium Shares ETF

Several institutional investors and hedge funds have recently bought and sold shares of the business. Mattson Financial Services LLC bought a new position in shares of abrdn Physical Palladium Shares ETF during the 1st quarter worth about $25,000. Advisory Services Network LLC acquired a new position in abrdn Physical Palladium Shares ETF in the third quarter worth about $92,000. Binnacle Investments Inc bought a new position in abrdn Physical Palladium Shares ETF during the third quarter worth about $103,000. US Bancorp DE lifted its stake in abrdn Physical Palladium Shares ETF by 219.2% during the third 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 during the period. Finally, Truist Financial Corp acquired a new stake in abrdn Physical Palladium Shares ETF during the third quarter valued at approximately $203,000. 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).