Defiance Quantum ETF (NASDAQ:QTUM) Hits New 1-Year High – Here’s What Happened

The Defiance Quantum ETF (NASDAQ:QTUMGet Free Report)’s stock price hit a new 52-week high on Thursday . The stock traded as high as $159.85 and last traded at $156.51, with a volume of 1180124 shares trading hands. The stock had previously closed at $158.62.

Defiance Quantum ETF Stock Down 1.3%

The firm has a market cap of $4.99 billion, a PE ratio of 24.34 and a beta of 1.31. The company’s fifty day moving average price is $127.73 and its two-hundred day moving average price is $118.23.

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 issued a $0.2236 dividend. The ex-dividend date of this dividend was Wednesday, March 25th.

Institutional Trading of Defiance Quantum ETF

Institutional investors have recently added to or reduced their stakes in the stock. Van ECK Associates Corp boosted its holdings in Defiance Quantum ETF by 88.4% during the third quarter. Van ECK Associates Corp now owns 243 shares of the company’s stock worth $25,000 after buying an additional 114 shares in the last quarter. Gen Wealth Partners Inc boosted its holdings 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 buying an additional 109 shares in the last quarter. Sound Income Strategies LLC acquired a new position in Defiance Quantum ETF during the fourth quarter worth about $42,000. Sankala Group LLC acquired a new position in Defiance Quantum ETF during the fourth quarter worth about $46,000. Finally, North Star Investment Management Corp. acquired a new position in Defiance Quantum ETF during the first quarter worth about $43,000.

Defiance Quantum ETF Company Profile

(Get Free Report)

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.

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