TOP Private Wealth LLC. Invests $2.70 Million in The Defiance Quantum ETF $QTUM

TOP Private Wealth LLC. bought a new stake in shares of The Defiance Quantum ETF (NASDAQ:QTUM) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 16,345 shares of the company’s stock, valued at approximately $2,703,000. Defiance Quantum ETF comprises approximately 2.6% of TOP Private Wealth LLC.’s investment portfolio, making the stock its 13th biggest holding.

Several other hedge funds and other institutional investors also recently bought and sold shares of QTUM. NewEdge Advisors LLC lifted its position in Defiance Quantum ETF by 18.7% in the first quarter. NewEdge Advisors LLC now owns 12,910 shares of the company’s stock worth $962,000 after buying an additional 2,035 shares during the last quarter. Captrust Financial Advisors increased its position in Defiance Quantum ETF by 23.1% during the second quarter. Captrust Financial Advisors now owns 10,619 shares of the company’s stock valued at $975,000 after acquiring an additional 1,991 shares during the last quarter. Parallel Advisors LLC increased its position in Defiance Quantum ETF by 299.5% during the third quarter. Parallel Advisors LLC now owns 1,554 shares of the company’s stock valued at $163,000 after acquiring an additional 1,165 shares during the last quarter. Van ECK Associates Corp increased its position in 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. Finally, BNP Paribas Financial Markets purchased a new stake in shares of Defiance Quantum ETF in the third quarter valued at $210,000.

Defiance Quantum ETF Trading Up 1.2%

Defiance Quantum ETF stock opened at $147.89 on Friday. The firm has a 50-day moving average price of $149.40 and a 200-day moving average price of $138.52. The firm has a market capitalization of $5.46 billion, a PE ratio of 24.34 and a beta of 1.36. The Defiance Quantum ETF has a 12-month low of $94.16 and a 12-month high of $170.00.

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.