abrdn Physical Palladium Shares ETF (NYSEARCA:PALL) Shares Gap Up – Time to Buy?

Shares of abrdn Physical Palladium Shares ETF (NYSEARCA:PALL) gapped up before the market opened on Friday . The stock had previously closed at $24.58, but opened at $26.19. abrdn Physical Palladium Shares ETF shares last traded at $26.32, with a volume of 475,670 shares.

abrdn Physical Palladium Shares ETF Stock Performance

The firm has a 50-day simple moving average of $23.38 and a 200 day simple moving average of $26.06.

Institutional Trading of abrdn Physical Palladium Shares ETF

Several institutional investors and hedge funds have recently bought and sold shares of PALL. Jones Financial Companies Lllp grew its position in abrdn Physical Palladium Shares ETF by 10,367.5% during the 1st quarter. Jones Financial Companies Lllp now owns 8,374 shares of the exchange traded fund’s stock worth $758,000 after purchasing an additional 8,294 shares during the last quarter. Jane Street Group LLC raised its holdings in shares of abrdn Physical Palladium Shares ETF by 1,424.0% in the second quarter. Jane Street Group LLC now owns 37,002 shares of the exchange traded fund’s stock valued at $3,723,000 after buying an additional 34,574 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of abrdn Physical Palladium Shares ETF by 389.6% during 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 buying an additional 100,097 shares during the period. BNP Paribas Financial Markets boosted its stake in shares of abrdn Physical Palladium Shares ETF by 17.9% during the second quarter. BNP Paribas Financial Markets now owns 38,617 shares of the exchange traded fund’s stock worth $3,885,000 after buying an additional 5,857 shares during the period. Finally, Benjamin Edwards Inc. purchased a new position in shares of abrdn Physical Palladium Shares ETF during the second quarter worth about $294,000. Hedge funds and other institutional investors own 23.28% of the company’s stock.

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.