The Defiance Quantum ETF $QTUM Stock: Compass Financial Management LLC Cuts Holdings

Compass Financial Management LLC cut its holdings in shares of The Defiance Quantum ETF (NASDAQ:QTUM) by 94.3% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 1,132 shares of the company’s stock after selling 18,811 shares during the quarter. Compass Financial Management LLC’s holdings in Defiance Quantum ETF were worth $172,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of QTUM. Planning Strategies Inc. boosted its holdings in shares of Defiance Quantum ETF by 98.0% in the 3rd quarter. Planning Strategies Inc. now owns 202 shares of the company’s stock valued at $31,000 after acquiring an additional 100 shares during the last quarter. Torren Management LLC acquired a new position in Defiance Quantum ETF during the third quarter valued at $38,000. Markowski Investments acquired a new position in Defiance Quantum ETF during the second quarter valued at $50,000. Ascentis Independent Advisors acquired a new position in Defiance Quantum ETF during the first quarter valued at $115,000. Finally, Monetary Solutions Ltd boosted its holdings in Defiance Quantum ETF by 16.4% in the third quarter. Monetary Solutions Ltd now owns 850 shares of the company’s stock valued at $129,000 after purchasing an additional 120 shares during the last quarter.

Defiance Quantum ETF Stock Performance

NASDAQ:QTUM opened at $123.37 on Friday. The Defiance Quantum ETF has a one year low of $98.21 and a one year high of $170.00. The firm has a market cap of $4.59 billion, a price-to-earnings ratio of 24.34 and a beta of 1.42. The firm’s fifty day moving average is $144.75 and its two-hundred day moving average is $137.85.

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.