abrdn Physical Precious Metals Basket Shares ETF (NYSEARCA:GLTR) Shares Gap Down – Here’s What Happened

abrdn Physical Precious Metals Basket Shares ETF (NYSEARCA:GLTR)’s share price gapped down prior to trading on Friday . The stock had previously closed at $285.22, but opened at $256.15. abrdn Physical Precious Metals Basket Shares ETF shares last traded at $254.1710, with a volume of 65,753 shares trading hands.

abrdn Physical Precious Metals Basket Shares ETF Trading Down 12.9%

The company has a fifty day moving average of $214.16 and a 200 day moving average of $177.59.

Institutional Trading of abrdn Physical Precious Metals Basket Shares ETF

Institutional investors have recently modified their holdings of the company. Royal Bank of Canada boosted its stake in abrdn Physical Precious Metals Basket Shares ETF by 3.2% during the first quarter. Royal Bank of Canada now owns 24,723 shares of the company’s stock valued at $3,201,000 after buying an additional 763 shares in the last quarter. Ameritas Advisory Services LLC acquired a new stake in abrdn Physical Precious Metals Basket Shares ETF in the 2nd quarter valued at about $29,000. Valmark Advisers Inc. boosted its position in shares of abrdn Physical Precious Metals Basket Shares ETF by 64.2% during the 2nd quarter. Valmark Advisers Inc. now owns 14,066 shares of the company’s stock valued at $1,943,000 after purchasing an additional 5,501 shares in the last quarter. Blair William & Co. IL acquired a new position in shares of abrdn Physical Precious Metals Basket Shares ETF in the 2nd quarter worth approximately $246,000. Finally, IFP Advisors Inc raised its holdings in shares of abrdn Physical Precious Metals Basket Shares ETF by 100.0% in the 2nd quarter. IFP Advisors Inc now owns 246 shares of the company’s stock worth $34,000 after purchasing an additional 123 shares in the last quarter.

abrdn Physical Precious Metals Basket Shares ETF Company Profile

The abrdn Physical Precious Metals Basket Shares ETF (GLTR) is an exchange-traded fund that mostly invests in broad market commodities. The fund tracks the spot prices of a basket of gold, silver, platinum and palladium, less trust expenses. GLTR was launched on Oct 22, 2010 and is managed by Abrdn.