Defiance Quantum ETF (NASDAQ:QTUM) Sets New 52-Week High – Here’s What Happened

The Defiance Quantum ETF (NASDAQ:QTUM) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $115.75 and last traded at $114.94, with a volume of 61796 shares. The stock had previously closed at $115.10.

Defiance Quantum ETF Stock Up 2.5%

The stock has a market capitalization of $3.10 billion, a P/E ratio of 24.34 and a beta of 1.20. The firm has a fifty day moving average price of $105.50 and a two-hundred day moving average price of $94.17.

Defiance Quantum ETF Dividend Announcement

The firm also recently announced 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. This represents a dividend yield of 60.0%. The ex-dividend date was Wednesday, September 24th.

Hedge Funds Weigh In On Defiance Quantum ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in QTUM. Ameriflex Group Inc. raised its stake in shares of Defiance Quantum ETF by 602.0% in the second quarter. Ameriflex Group Inc. now owns 1,404 shares of the company’s stock worth $128,000 after purchasing an additional 1,204 shares during the last quarter. Flow Traders U.S. LLC acquired a new stake in Defiance Quantum ETF in the first quarter valued at approximately $3,630,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Defiance Quantum ETF in the second quarter valued at approximately $37,000. Nova Wealth Management Inc. acquired a new position in Defiance Quantum ETF during the first quarter worth $402,000. Finally, Farther Finance Advisors LLC lifted its stake in shares of Defiance Quantum ETF by 368.8% in the 2nd quarter. Farther Finance Advisors LLC now owns 2,166 shares of the company’s stock valued at $199,000 after purchasing an additional 1,704 shares during the last quarter.

Defiance Quantum ETF Company Profile

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.