Defiance Quantum ETF (NASDAQ:QTUM) Sets New 12-Month High – Here’s What Happened

The Defiance Quantum ETF (NASDAQ:QTUM)’s share price reached a new 52-week high during trading on Friday . The company traded as high as $149.74 and last traded at $149.33, with a volume of 1238814 shares traded. The stock had previously closed at $145.44.

Defiance Quantum ETF Stock Performance

The company has a market capitalization of $4.76 billion, a PE ratio of 24.34 and a beta of 1.31. The stock’s fifty day simple moving average is $124.14 and its 200-day simple moving average is $116.99.

Defiance Quantum ETF Cuts Dividend

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

Hedge Funds Weigh In On Defiance Quantum ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. Van ECK Associates Corp boosted its position in Defiance Quantum ETF by 88.4% during the 3rd quarter. Van ECK Associates Corp now owns 243 shares of the company’s stock worth $25,000 after purchasing an additional 114 shares during the period. Gen Wealth Partners Inc lifted its position in shares of 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 purchasing an additional 109 shares in the last quarter. Copia Wealth Management lifted its position in shares of Defiance Quantum ETF by 1,016.1% during the third quarter. Copia Wealth Management now owns 346 shares of the company’s stock worth $36,000 after purchasing an additional 315 shares in the last quarter. Sound Income Strategies LLC acquired a new stake in Defiance Quantum ETF during the 4th quarter valued at $42,000. Finally, North Star Investment Management Corp. acquired a new stake in Defiance Quantum ETF during the 1st quarter valued at $43,000.

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.