Defiance Quantum ETF (NASDAQ:QTUM) Reaches New 52-Week High – Here’s Why

The Defiance Quantum ETF (NASDAQ:QTUMGet Free Report)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $136.00 and last traded at $136.00, with a volume of 6079 shares traded. The stock had previously closed at $135.17.

Defiance Quantum ETF Trading Up 2.6%

The company has a market cap of $4.44 billion, a P/E ratio of 24.34 and a beta of 1.31. The stock’s 50 day moving average is $116.85 and its 200-day moving average is $114.20.

Defiance Quantum ETF Cuts Dividend

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

Hedge Funds Weigh In On Defiance Quantum ETF

Hedge funds have recently bought and sold shares of the company. Sound Income Strategies LLC raised its position in Defiance Quantum ETF by 23.3% in the 1st quarter. Sound Income Strategies LLC now owns 439 shares of the company’s stock worth $48,000 after buying an additional 83 shares during the last quarter. Gen Wealth Partners Inc raised its position in Defiance Quantum ETF by 51.7% in the 4th quarter. Gen Wealth Partners Inc now owns 320 shares of the company’s stock worth $35,000 after buying an additional 109 shares during the last quarter. Van ECK Associates Corp raised its position in Defiance Quantum ETF by 88.4% in the 3rd quarter. Van ECK Associates Corp now owns 243 shares of the company’s stock worth $25,000 after buying an additional 114 shares during the last quarter. Kingswood Wealth Advisors LLC raised its position in Defiance Quantum ETF by 2.9% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 4,069 shares of the company’s stock worth $446,000 after buying an additional 116 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV raised its position in Defiance Quantum ETF by 4.4% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 3,128 shares of the company’s stock worth $343,000 after buying an additional 132 shares during the last quarter.

About Defiance Quantum ETF

(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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