Compass Financial Management LLC Makes New $3.29 Million Investment in The Defiance Quantum ETF $QTUM

Compass Financial Management LLC acquired a new position in shares of The Defiance Quantum ETF (NASDAQ:QTUM) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 19,943 shares of the company’s stock, valued at approximately $3,290,000. Compass Financial Management LLC owned about 0.05% of Defiance Quantum ETF at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of QTUM. Vision Retirement LLC grew its stake in Defiance Quantum ETF by 97.7% in the first quarter. Vision Retirement LLC now owns 8,984 shares of the company’s stock valued at $964,000 after purchasing an additional 4,440 shares in the last quarter. Financial Freedom LLC increased its position in shares of Defiance Quantum ETF by 29.8% during the 4th quarter. Financial Freedom LLC now owns 21,358 shares of the company’s stock worth $2,342,000 after purchasing an additional 4,909 shares during the last quarter. High Point Wealth Management LLC bought a new stake in shares of Defiance Quantum ETF during the 4th quarter worth approximately $575,000. Western Wealth Management LLC raised its stake in shares of Defiance Quantum ETF by 24.4% during the 4th quarter. Western Wealth Management LLC now owns 23,942 shares of the company’s stock worth $2,625,000 after purchasing an additional 4,702 shares in the last quarter. Finally, Fiduciary Alliance LLC boosted its holdings in shares of Defiance Quantum ETF by 147.7% in the 1st quarter. Fiduciary Alliance LLC now owns 6,803 shares of the company’s stock valued at $730,000 after buying an additional 4,057 shares during the last quarter.

Defiance Quantum ETF Trading Up 0.9%

NASDAQ:QTUM opened at $150.47 on Friday. The stock has a market capitalization of $5.55 billion, a PE ratio of 24.34 and a beta of 1.36. The Defiance Quantum ETF has a 1-year low of $91.76 and a 1-year high of $170.00. The firm has a fifty day simple moving average of $152.63 and a 200 day simple moving average of $136.30.

Defiance Quantum ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, June 25th. Stockholders of record on Wednesday, June 24th were given a $0.2699 dividend. This is a boost from Defiance Quantum ETF’s previous dividend of $0.22. The ex-dividend date of this dividend was Wednesday, June 24th.

About Defiance Quantum ETF

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.