Palladium ETF (PALL) Hits New 52-Week High
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Investors seeking momentum may have Aberdeen Standard Physical Palladium Shares ETF PALL on radar now. The fund recently hit a new 52-week high. Shares of PALL are up approximately 80.2% from their 52-week low of $82.39/share.But could there be more gains ahead for this ETF? Let’s take a look at the fund and the near-term outlook to get a better idea of where it might be headed.PALL in FocusPALL reflects the performance of the price of palladium, less Trust's expenses. The shares are designed for investors who want a cost-effective and convenient way to invest in physical palladium. PALL charges 60 basis points in fee per year and has AUM of $907.8 million (see all Precious Metals ETFs here).Why the move?Rising tensions in the U.S.-China trade relations, have been giving a boost to the palladium prices. Many have probably been considering the metal as a safe-haven asset.Expectations of US interest rate cuts and the potential decline in the price of the greenback have also been favoring the metal.More Gains Ahead?PALL has a Zacks ETF Rank #3 (Hold) with a High risk outlook. However, the fund has a weighted alpha of 74.94. So, the fund can surge a bit higher if the operating environment remains favorable.Boost Your Portfolio with Our Top ETF InsightsZacks' exclusive Fund Newsletter delivers actionable information, top news and analysis, as well as top-performing ETFs, straight to your inbox every week.Don’t miss out on this valuable resource. It’s free!Get it now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report abrdn Physical Palladium Shares ETF (PALL): ETF Research ReportsThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks
Quelle: Zacks