Defiance Quantum ETF (NASDAQ:QTUM) Reaches New 12-Month High After Dividend Announcement

The Defiance Quantum ETF (NASDAQ:QTUM)’s share price reached a new 52-week high during mid-day trading on Wednesday after the company announced a dividend. The company traded as high as $91.97 and last traded at $91.97, with a volume of 3096 shares changing hands. The stock had previously closed at $90.17.

The newly announced dividend which will be paid on Thursday, June 26th. Shareholders of record on Wednesday, June 25th were given a dividend of $0.2656 per share. This is a boost from Defiance Quantum ETF’s previous dividend of $0.16. The ex-dividend date of this dividend was Wednesday, June 25th.

Defiance Quantum ETF Trading Up 0.9%

The business has a fifty day simple moving average of $83.18 and a two-hundred day simple moving average of $80.57. The stock has a market cap of $1.25 billion, a PE ratio of 24.34 and a beta of 1.15.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Financial Freedom LLC purchased a new stake in Defiance Quantum ETF in the first quarter worth $27,000. Gen Wealth Partners Inc bought a new stake in shares of Defiance Quantum ETF during the 4th quarter valued at $34,000. Farther Finance Advisors LLC grew its position in shares of Defiance Quantum ETF by 7,600.0% in the 1st quarter. Farther Finance Advisors LLC now owns 462 shares of the company’s stock worth $35,000 after buying an additional 456 shares during the period. Bartlett & CO. Wealth Management LLC purchased a new stake in shares of Defiance Quantum ETF in the 1st quarter worth about $48,000. Finally, Pandora Wealth Inc. bought a new position in shares of Defiance Quantum ETF in the 1st quarter worth about $127,000.

About Defiance Quantum ETF

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.