Defiance Quantum ETF (NASDAQ:QTUM) Sets New 52-Week High – Should You Buy?

Shares of The Defiance Quantum ETF (NASDAQ:QTUM) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $146.67 and last traded at $146.19, with a volume of 79444 shares trading hands. The stock had previously closed at $144.91.

Defiance Quantum ETF Price Performance

The firm has a fifty day moving average price of $117.91 and a two-hundred day moving average price of $114.65. The stock has a market capitalization of $4.71 billion, a PE ratio of 24.34 and a beta of 1.31.

Defiance Quantum ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, March 26th. Shareholders of record on Wednesday, March 25th were given a dividend of $0.2236 per share. The ex-dividend date of this dividend was Wednesday, March 25th.

Institutional Trading of Defiance Quantum ETF

Institutional investors have recently made changes to their positions in the business. Quadrature Capital Ltd boosted its stake in shares of Defiance Quantum ETF by 316.0% in the third quarter. Quadrature Capital Ltd now owns 222,448 shares of the company’s stock worth $23,333,000 after buying an additional 168,976 shares during the last quarter. Flow Traders U.S. LLC acquired a new stake in Defiance Quantum ETF in the 3rd quarter worth about $8,158,000. Flagship Harbor Advisors LLC boosted its holdings in Defiance Quantum ETF by 1.4% in the 4th quarter. Flagship Harbor Advisors LLC now owns 57,117 shares of the company’s stock worth $6,264,000 after buying an additional 815 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of Defiance Quantum ETF by 2.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 51,496 shares of the company’s stock worth $5,526,000 after purchasing an additional 1,342 shares during the last quarter. Finally, RPg Family Wealth Advisory LLC boosted its holdings in shares of Defiance Quantum ETF by 2.2% during the 4th quarter. RPg Family Wealth Advisory LLC now owns 29,349 shares of the company’s stock worth $3,218,000 after purchasing an additional 620 shares during the last quarter.

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.