Defiance Quantum ETF (NASDAQ:QTUM) Sets New 52-Week High – Still a Buy?

The Defiance Quantum ETF (NASDAQ:QTUM – Get Free Report) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $149.74 and last traded at $149.33, with a volume of 1238814 shares trading hands. The stock had previously closed at $145.44.

Defiance Quantum ETF Trading Up 2.7%

The company has a market cap of $4.76 billion, a price-to-earnings ratio of 24.34 and a beta of 1.31. The firm has a 50-day moving average price of $124.14 and a 200 day moving average price of $116.99.

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Defiance Quantum ETF Cuts Dividend

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

Institutional Trading of Defiance Quantum ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Flow Traders U.S. LLC acquired a new position in shares of Defiance Quantum ETF during the third quarter valued at $8,158,000. Thoroughbred Financial Services LLC acquired a new stake in shares of Defiance Quantum ETF in the 3rd quarter worth about $573,000. Western Wealth Management LLC increased its holdings in shares of Defiance Quantum ETF by 462.2% in the 3rd quarter. Western Wealth Management LLC now owns 19,240 shares of the company’s stock worth $2,018,000 after acquiring an additional 15,818 shares during the period. Quadrature Capital Ltd lifted its position in Defiance Quantum ETF by 316.0% in the 3rd quarter. Quadrature Capital Ltd now owns 222,448 shares of the company’s stock valued at $23,333,000 after purchasing an additional 168,976 shares during the last quarter. Finally, High Point Wealth Management LLC bought a new stake in Defiance Quantum ETF in the 4th quarter valued at about $575,000.

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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