Defiance Quantum ETF (NASDAQ:QTUM) Reaches New 52-Week High – What’s Next?

The Defiance Quantum ETF (NASDAQ:QTUM)’s share price reached a new 52-week high on Wednesday . The company traded as high as $113.63 and last traded at $110.82, with a volume of 1226465 shares traded. The stock had previously closed at $112.56.

Defiance Quantum ETF Stock Down 1.5%

The business has a 50-day moving average price of $98.15 and a two-hundred day moving average price of $88.37. The firm has a market cap of $2.68 billion, a PE ratio of 24.34 and a beta of 1.15.

Defiance Quantum ETF Dividend Announcement

The business also recently disclosed a — dividend, which was paid on Thursday, September 25th. Stockholders of record on Wednesday, September 24th were given a dividend of $0.2388 per share. The ex-dividend date of this dividend was Wednesday, September 24th. This represents a dividend yield of 60.0%.

Institutional Trading of Defiance Quantum ETF

A number of large investors have recently modified their holdings of the stock. Financial Freedom LLC purchased a new position in Defiance Quantum ETF in the first quarter valued at $27,000. Farther Finance Advisors LLC increased its holdings in Defiance Quantum ETF by 7,600.0% in the first quarter. Farther Finance Advisors LLC now owns 462 shares of the company’s stock valued at $35,000 after buying an additional 456 shares during the last quarter. Parallel Advisors LLC increased its holdings in Defiance Quantum ETF by 289.0% in the second quarter. Parallel Advisors LLC now owns 389 shares of the company’s stock valued at $36,000 after buying an additional 289 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Defiance Quantum ETF in the second quarter valued at $37,000. Finally, Luminist Capital LLC purchased a new position in Defiance Quantum ETF in the second quarter valued at $38,000.

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.