LPL Financial LLC Grows Stake in abrdn Physical Palladium Shares ETF (NYSEARCA:PALL)

LPL Financial LLC grew its holdings in abrdn Physical Palladium Shares ETF (NYSEARCA:PALL) by 15.1% during the first quarter, HoldingsChannel reports. The fund owned 43,080 shares of the exchange traded fund’s stock after purchasing an additional 5,648 shares during the period. LPL Financial LLC’s holdings in abrdn Physical Palladium Shares ETF were worth $3,901,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. JPMorgan Chase & Co. boosted its position in shares of abrdn Physical Palladium Shares ETF by 243.3% in the 4th quarter. JPMorgan Chase & Co. now owns 45,894 shares of the exchange traded fund’s stock valued at $3,833,000 after purchasing an additional 32,527 shares during the period. Wells Fargo & Company MN boosted its position in shares of abrdn Physical Palladium Shares ETF by 4.9% in the 4th quarter. Wells Fargo & Company MN now owns 18,312 shares of the exchange traded fund’s stock valued at $1,529,000 after purchasing an additional 856 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of abrdn Physical Palladium Shares ETF by 25.8% in the 4th quarter. Envestnet Asset Management Inc. now owns 15,672 shares of the exchange traded fund’s stock valued at $1,309,000 after purchasing an additional 3,218 shares during the period. Renaissance Technologies LLC acquired a new stake in shares of abrdn Physical Palladium Shares ETF in the 4th quarter valued at about $740,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of abrdn Physical Palladium Shares ETF in the 4th quarter valued at about $1,689,000. Hedge funds and other institutional investors own 23.28% of the company’s stock.

abrdn Physical Palladium Shares ETF Price Performance

Shares of NYSEARCA PALL opened at $101.93 on Friday. abrdn Physical Palladium Shares ETF has a 52-week low of $82.39 and a 52-week high of $119.30. The business has a 50-day moving average price of $104.70 and a 200 day moving average price of $93.80.

abrdn Physical Palladium Shares ETF 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).