Defiance Quantum ETF (NASDAQ:QTUM) Hits New 52-Week High – Here’s What Happened

The Defiance Quantum ETF (NASDAQ:QTUM) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $121.50 and last traded at $121.37, with a volume of 137489 shares trading hands. The stock had previously closed at $119.35.

Defiance Quantum ETF Stock Up 1.1%

The company’s fifty day simple moving average is $113.49 and its 200 day simple moving average is $112.41. The firm has a market capitalization of $3.82 billion, a PE ratio of 24.34 and a beta of 1.20.

Defiance Quantum ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, March 26th. Stockholders of record on Wednesday, March 25th were given a $0.2236 dividend. The ex-dividend date of this dividend was Wednesday, March 25th.

Institutional Investors Weigh In On Defiance Quantum ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Gen Wealth Partners Inc boosted its stake in Defiance Quantum ETF by 51.7% during the fourth quarter. Gen Wealth Partners Inc now owns 320 shares of the company’s stock worth $35,000 after acquiring an additional 109 shares in the last quarter. Van ECK Associates Corp increased its stake in shares of Defiance Quantum ETF by 88.4% during the third quarter. Van ECK Associates Corp now owns 243 shares of the company’s stock valued at $25,000 after purchasing an additional 114 shares in the last quarter. Kingswood Wealth Advisors LLC increased its stake in shares of Defiance Quantum ETF by 2.9% during the fourth quarter. Kingswood Wealth Advisors LLC now owns 4,069 shares of the company’s stock valued at $446,000 after purchasing an additional 116 shares in the last quarter. Creative Financial Designs Inc. ADV lifted its holdings in shares of Defiance Quantum ETF by 4.4% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 3,128 shares of the company’s stock valued at $343,000 after purchasing an additional 132 shares during the last quarter. Finally, Nations Financial Group Inc. IA ADV boosted its position in shares of Defiance Quantum ETF by 1.8% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 10,482 shares of the company’s stock worth $1,149,000 after purchasing an additional 190 shares in the last quarter.

Defiance Quantum ETF Company Profile

The Defiance Quantum ETF (QTUM) is an exchange-traded fund that mostly invests in information technology equity. The fund tracks an adjusted-equal-weighted index of companies involved in the research and development of quantum computers. QTUM was launched on Sep 5, 2018 and is managed by Defiance.