Defiance Quantum ETF (NASDAQ:QTUM) Hits New 1-Year High – Here’s What Happened

The Defiance Quantum ETF (NASDAQ:QTUMGet Free Report)’s stock price reached a new 52-week high on Thursday . The company traded as high as $159.85 and last traded at $156.51, with a volume of 1180124 shares changing hands. The stock had previously closed at $158.62.

Defiance Quantum ETF Price Performance

The business’s 50-day moving average price is $127.73 and its two-hundred day moving average price is $118.23. The firm has a market cap of $4.99 billion, a price-to-earnings ratio of 24.34 and a beta of 1.31.

Defiance Quantum ETF Cuts Dividend

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

Hedge Funds Weigh In On Defiance Quantum ETF

A number of institutional investors have recently modified their holdings of QTUM. Quadrature Capital Ltd grew its holdings in Defiance Quantum ETF by 316.0% in the third 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 period. Flow Traders U.S. LLC purchased a new stake in Defiance Quantum ETF in the third quarter valued at approximately $8,158,000. Flagship Harbor Advisors LLC grew its holdings in Defiance Quantum ETF by 1.4% in the fourth quarter. Flagship Harbor Advisors LLC now owns 57,117 shares of the company’s stock valued at $6,264,000 after purchasing an additional 815 shares during the period. Janney Montgomery Scott LLC grew its holdings in Defiance Quantum ETF by 2.7% in the first quarter. Janney Montgomery Scott LLC now owns 51,496 shares of the company’s stock valued at $5,526,000 after purchasing an additional 1,342 shares during the period. Finally, RPg Family Wealth Advisory LLC grew its holdings in Defiance Quantum ETF by 2.2% in the fourth quarter. RPg Family Wealth Advisory LLC now owns 29,349 shares of the company’s stock valued at $3,218,000 after purchasing an additional 620 shares during the period.

Defiance Quantum ETF Company Profile

(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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