Defiance Quantum ETF (NASDAQ:QTUM) Hits New 12-Month High – Here’s Why

The Defiance Quantum ETF (NASDAQ:QTUM) hit a new 52-week high on Monday . The company traded as high as $117.36 and last traded at $117.23, with a volume of 149539 shares. The stock had previously closed at $116.54.

Defiance Quantum ETF Stock Up 1.1%

The company’s 50-day moving average is $110.36 and its two-hundred day moving average is $103.29. The company has a market capitalization of $3.47 billion, a P/E ratio of 24.34 and a beta of 1.20.

Defiance Quantum ETF Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 30th. Investors of record on Monday, December 29th were paid a $0.4452 dividend. The ex-dividend date of this dividend was Monday, December 29th.

Hedge Funds Weigh In On Defiance Quantum ETF

Several institutional investors have recently modified their holdings of the company. Van ECK Associates Corp lifted its position in Defiance Quantum ETF by 88.4% in the 3rd quarter. Van ECK Associates Corp now owns 243 shares of the company’s stock worth $25,000 after buying an additional 114 shares during the last quarter. Parallel Advisors LLC raised its stake in shares of Defiance Quantum ETF by 289.0% during the second quarter. Parallel Advisors LLC now owns 389 shares of the company’s stock worth $36,000 after acquiring an additional 289 shares in the last quarter. Copia Wealth Management lifted its holdings in shares of Defiance Quantum ETF by 1,016.1% in the 3rd quarter. Copia Wealth Management now owns 346 shares of the company’s stock worth $36,000 after acquiring an additional 315 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Defiance Quantum ETF in the 2nd quarter worth approximately $37,000. Finally, Luminist Capital LLC purchased a new stake in shares of Defiance Quantum ETF in the 2nd quarter valued at $38,000.

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.