GLTR Stock Summary and Trading Ideas (Abrdn Physical Precious Metals Basket Shares ETF | ARCA:GLTR)

abrdn Physical Precious Metals Basket Shares ETF ("the Shares") are issued by Aberdeen Standard Precious Metals Basket ETF Trust ("the Trust"). The investment objective of the Trust is for the Shares to reflect the performance of the price of a basket of gold, silver, platinum and palladium bullion, less the expenses of the Trusts operations. The Shares are designed for investors who want a cost effective and convenient way to invest in physically-backed precious metals.

Abrdn Physical Precious Metals Basket Shares ETF trades on the ARCA stock market under the symbol GLTR.

As of May 2, 2024, GLTR stock price declined to $99.47 with 22,354 million shares trading.

GLTR has a beta of 0.09, meaning it tends to be less sensitive to market movements. GLTR has a correlation of 0.00 to the broad based SPY ETF.

GLTR has a market cap of $984.75 million. This is considered a Small Cap stock.

In the last 3 years, GLTR stock traded as high as $107.47 and as low as $77.57.

GLTR has underperformed the market in the last year with a price return of +7.3% while the SPY ETF gained +23.2%. However, in the short term, GLTR had mixed performance relative to the market. It has outperformed in the last 3 months, returning +11.6% vs +3.6% return in SPY. But in the last 2 weeks, GLTR shares have been beat by the market, returning -3.9% compared to an SPY return of +0.9%.

GLTR support price is $98.25 and resistance is $100.75 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that GLTR stock will trade within this expected range on the day.