ETFPLD - 1nvest Palladium ETF

Apr 26, 2024 at 21:33 Twitter · Facebook

ETFPLD share price on Johannesburg Stock Exchange

The 1nvest Palladium ETF (ETFPLD) is a palladium-linked exchange-traded fund evidenced by debentures issued by 1nvest ETF Issuer (RF) Limited. The aim of ETFPLD is to provide investors exposure linked to the rand performance of the underlying commodity of palladium. ETFPLD is fully backed by the physical commodity, approximately equivalent to 1/100 ounces of palladium and the value of the ETF is expected to rise or fall in accordance with the fluctuations in the rand price of the commodity. The 1nvest Palladium ETF is inward listed but classified as a domestic investment; as such, investment in the instrument does not affect the relative foreign exposure limits applicable to institutional investors and authorized dealers.

1nvest ETF Issuer (RF) Limited is a special purpose vehicle, which in terms of its Memorandum of Incorporation, has the sole purpose of conducting the business of exchange-traded funds by issuing debentures which are fully backed by the applicable physical commodity. The company is managed by Standard Bank of South Africa Limited, with Maitland Group South Africa Limited acting as an independent fund manager. However, in order to meet its operating expenses, 1nvest charges an annual fee of 0.35% (excluding VAT) of the value of the palladium held in custody.

1nvest Palladium ETF is listed on the Johannesburg Stock Exchange (JSE). 1nvest Palladium ETF is traded on the JSE under the ticker symbol “ETFPLD”. The International Securities Identification Number (ISIN) of JSE:ETFPLD is ZAE000182531. 1nvest Palladium ETF is currently the 302nd most valuable stock on the JSE with a market capitalization of ZAR 341 million, which makes about 0.0018% of the Johannesburg Stock Exchange equity market.

ETFPLD Stock Market Performance

The current share price of 1nvest Palladium ETF (ETFPLD) is ZAR 174.72. ETFPLD closed its last trading day (Friday, April 26, 2024) at 174.72 ZAR per share on the Johannesburg Stock Exchange (JSE), recording a 2.9% drop from its previous closing price of 179.96 ZAR. 1nvest Palladium ETF began the year with a share price of 200.00 ZAR but has since lost 12.6% off that price valuation, ranking it 307th on the JSE in terms of year-to-date performance.

1nvest Palladium ETF is the 278th most traded stock on the Johannesburg Stock Exchange over the past three months (Jan 26 - Apr 26, 2024). ETFPLD has traded a total volume of 918,653 shares—in 184 deals—valued at ZAR 175 million over the period, with an average of 14,582 traded shares per session. A volume high of 874,447 was achieved on April 11th for the same period. The table below details the last 10 trading days of activity of 1nvest Palladium ETF on the Johannesburg Stock Exchange.

Profile of 1nvest ETF Issuer (RF) Limited

1nvest ETF Issuer (RF) Limited operates in the Financials sector, specifically, the Investment Services industry.

ETFPLD Industrial Market Competitors

1nvest ETF Issuer (RF) Limited, issuers of the ETFPLD, 1nvest Gold ETF (+14.58%), 1nvest S&P 500 IT ETF (+10.01%), 1nvest S&P 500 Index ETF (+8.17%), 1nvest Rhodium ETF (+8.16%), 1nvest MSCI World ETF (+6.98%), 1nvest MSCI EM Asia ETF (+5.42%), 1NVEST MSCI World SRI ETF (+1.78%), 1nvest USD Short-Dated Treasury Index Feeder ETF, 1nvest SWIX 40 ETF (-0.31%) and 1nvest SA Property ETF (-1.28%) stocks on the Johannesburg Stock Exchange, have a number of market competitors who are also engaged in the Financials sector and/or Investment Services industry. The table below presents an overview of the market standing of the top 10 by year-to-date performance.

Index of African Stock Exchanges:

1. Botswana Stock Exchange
2. BRVM Stock Exchange
3. Ghana Stock Exchange
4. Johannesburg Stock Exchange
5. Lusaka Securities Exchange
6. Malawi Stock Exchange
7. Nairobi Securities Exchange
8. Nigerian Stock Exchange
9. Uganda Securities Exchange
10. Zimbabwe Stock Exchange