Wedbush Securities Inc. Invests $1.94 Million in The Defiance Quantum ETF $QTUM

Wedbush Securities Inc. bought a new position in shares of The Defiance Quantum ETF (NASDAQ:QTUM) during the second quarter, Holdings Channel.com reports. The fund bought 19,468 shares of the company’s stock, valued at approximately $1,938,000.

Several other hedge funds have also recently added to or reduced their stakes in QTUM. Van ECK Associates Corp lifted its stake in Defiance Quantum ETF by 88.4% in the third quarter. Van ECK Associates Corp now owns 243 shares of the company’s stock worth $25,000 after acquiring an additional 114 shares during the last quarter. Gen Wealth Partners Inc raised its holdings in shares of Defiance Quantum ETF by 51.7% in the 4th quarter. Gen Wealth Partners Inc now owns 320 shares of the company’s stock valued at $35,000 after purchasing an additional 109 shares in the last quarter. North Star Investment Management Corp. acquired a new stake in shares of Defiance Quantum ETF in the 1st quarter valued at $43,000. Sankala Group LLC purchased a new stake in shares of Defiance Quantum ETF during the 4th quarter worth $46,000. Finally, Sound Income Strategies LLC lifted its position in shares of Defiance Quantum ETF by 23.3% during the 1st quarter. Sound Income Strategies LLC now owns 439 shares of the company’s stock worth $48,000 after purchasing an additional 83 shares during the last quarter.

Defiance Quantum ETF Stock Performance

Shares of QTUM stock opened at $148.23 on Monday. The company has a market cap of $5.47 billion, a P/E ratio of 24.34 and a beta of 1.36. The firm has a fifty day moving average price of $150.93 and a 200 day moving average price of $137.65. The Defiance Quantum ETF has a 12 month low of $92.28 and a 12 month high of $170.00.

Defiance Quantum ETF Increases Dividend

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

Defiance Quantum ETF 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.