Defiance Quantum ETF (NASDAQ:QTUM) Hits New 12-Month High – Time to Buy?

The Defiance Quantum ETF (NASDAQ:QTUM) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $116.12 and last traded at $116.03, with a volume of 66462 shares changing hands. The stock had previously closed at $114.66.

Defiance Quantum ETF Stock Performance

The firm has a market capitalization of $3.37 billion, a P/E ratio of 24.34 and a beta of 1.20. The stock’s 50 day simple moving average is $110.19 and its 200 day simple moving average is $102.53.

Defiance Quantum ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 30th. Stockholders of record on Monday, December 29th were given a dividend of $0.4452 per share. The ex-dividend date of this dividend was Monday, December 29th.

Institutional Trading of Defiance Quantum ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in QTUM. Noble Wealth Management PBC grew its holdings in Defiance Quantum ETF by 204.6% during the fourth quarter. Noble Wealth Management PBC now owns 856 shares of the company’s stock worth $94,000 after acquiring an additional 575 shares during the period. Triumph Capital Management acquired a new stake in shares of Defiance Quantum ETF during the 3rd quarter worth approximately $128,000. Saranac Partners Ltd acquired a new position in shares of Defiance Quantum ETF in the 3rd quarter valued at $56,000. IFP Advisors Inc boosted its holdings in Defiance Quantum ETF by 241.6% during the third quarter. IFP Advisors Inc now owns 1,537 shares of the company’s stock worth $161,000 after buying an additional 1,087 shares in the last quarter. Finally, KERR FINANCIAL PLANNING Corp acquired a new stake in Defiance Quantum ETF during the third quarter valued at $75,000.

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.