Defiance Quantum ETF (NASDAQ:QTUM) Reaches New 52-Week High – Still a Buy?

The Defiance Quantum ETF (NASDAQ:QTUM) hit a new 52-week high during trading on Thursday . The company traded as high as $119.64 and last traded at $119.64, with a volume of 4666 shares trading hands. The stock had previously closed at $117.91.

Defiance Quantum ETF Stock Performance

The stock has a market capitalization of $3.59 billion, a PE ratio of 24.34 and a beta of 1.20. The company’s fifty day simple moving average is $111.38 and its two-hundred day simple moving average is $104.65.

Defiance Quantum ETF Dividend Announcement

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

Institutional Investors Weigh In On Defiance Quantum ETF

A number of large investors have recently bought and sold shares of the stock. Van ECK Associates Corp boosted its stake in shares of Defiance Quantum ETF by 88.4% during the third quarter. Van ECK Associates Corp now owns 243 shares of the company’s stock valued at $25,000 after acquiring an additional 114 shares during the last quarter. Copia Wealth Management lifted its holdings in Defiance Quantum ETF by 1,016.1% in the 3rd quarter. Copia Wealth Management now owns 346 shares of the company’s stock valued at $36,000 after purchasing an additional 315 shares in the last quarter. Sound Income Strategies LLC purchased a new position in Defiance Quantum ETF in the 4th quarter valued at about $42,000. Parallel Advisors LLC boosted its stake in shares of Defiance Quantum ETF by 289.0% during the 2nd quarter. Parallel Advisors LLC now owns 389 shares of the company’s stock worth $36,000 after purchasing an additional 289 shares during the last quarter. Finally, Luminist Capital LLC purchased a new stake in shares of Defiance Quantum ETF during the second quarter worth about $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.