Defiance Quantum ETF (NASDAQ:QTUM) Hits New 1-Year High – Here’s Why

Shares of The Defiance Quantum ETF (NASDAQ:QTUM) reached a new 52-week high on Monday . The company traded as high as $136.00 and last traded at $136.00, with a volume of 6079 shares. The stock had previously closed at $135.17.

Defiance Quantum ETF Stock Performance

The firm has a market capitalization of $4.36 billion, a price-to-earnings ratio of 24.34 and a beta of 1.31. The business has a fifty day moving average of $116.41 and a two-hundred day moving average of $114.01.

Defiance Quantum ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Thursday, March 26th. Investors of record on Wednesday, March 25th were issued a dividend of $0.2236 per share. The ex-dividend date of this dividend was Wednesday, March 25th.

Institutional Trading of Defiance Quantum ETF

Several hedge funds have recently added to or reduced their stakes in QTUM. Van ECK Associates Corp lifted its holdings in Defiance Quantum ETF by 88.4% during the 3rd quarter. Van ECK Associates Corp now owns 243 shares of the company’s stock worth $25,000 after purchasing an additional 114 shares during the last quarter. Gen Wealth Partners Inc lifted its holdings in Defiance Quantum ETF by 51.7% during the 4th quarter. Gen Wealth Partners Inc now owns 320 shares of the company’s stock worth $35,000 after purchasing an additional 109 shares during the last quarter. Copia Wealth Management lifted its holdings in Defiance Quantum ETF by 1,016.1% during the 3rd quarter. Copia Wealth Management now owns 346 shares of the company’s stock worth $36,000 after purchasing an additional 315 shares during the last quarter. Sound Income Strategies LLC acquired a new stake in Defiance Quantum ETF during the 4th quarter worth approximately $42,000. Finally, North Star Investment Management Corp. acquired a new stake in Defiance Quantum ETF during the 1st quarter worth approximately $43,000.

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.