Defiance Quantum ETF (NASDAQ:QTUM) Sees Strong Trading Volume – Time to Buy?

Shares of The Defiance Quantum ETF (NASDAQ:QTUM) saw unusually-high trading volume on Thursday . Approximately 403,930 shares were traded during mid-day trading, a decline of 2% from the previous session’s volume of 410,871 shares.The stock last traded at $109.35 and had previously closed at $107.23.

Defiance Quantum ETF Stock Up 1.0%

The business has a 50-day simple moving average of $102.69 and a two-hundred day simple moving average of $91.59. The stock has a market capitalization of $2.95 billion, a P/E ratio of 24.34 and a beta of 1.15.

Defiance Quantum ETF Dividend Announcement

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

Institutional Trading of Defiance Quantum ETF

A number of large investors have recently bought and sold shares of QTUM. Ethos Financial Group LLC acquired a new position in Defiance Quantum ETF in the second quarter worth $9,510,000. Flow Traders U.S. LLC acquired a new position in Defiance Quantum ETF in the first quarter worth $3,630,000. RPg Family Wealth Advisory LLC acquired a new position in Defiance Quantum ETF in the first quarter worth $2,067,000. Strategic Blueprint LLC boosted its stake in Defiance Quantum ETF by 653.4% in the third quarter. Strategic Blueprint LLC now owns 30,408 shares of the company’s stock worth $3,190,000 after purchasing an additional 26,372 shares in the last quarter. Finally, Nova Wealth Management Inc. boosted its stake in Defiance Quantum ETF by 249.2% in the second quarter. Nova Wealth Management Inc. now owns 18,821 shares of the company’s stock worth $1,728,000 after purchasing an additional 13,432 shares in the last quarter.

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.