Defiance Quantum ETF (NASDAQ:QTUM) Hits New 12-Month High – Still a Buy?

The Defiance Quantum ETF (NASDAQ:QTUM)’s stock price reached 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 changing hands. The stock had previously closed at $144.91.

Defiance Quantum ETF Price Performance

The business has a 50-day moving average of $119.59 and a 200-day moving average of $115.41. The firm has a market cap of $4.59 billion, a price-to-earnings ratio of 24.34 and a beta of 1.31.

Defiance Quantum ETF Cuts Dividend

The firm also recently declared 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.

Hedge Funds Weigh In On Defiance Quantum ETF

A number of institutional investors have recently bought and sold shares of QTUM. Quadrature Capital Ltd increased its position in Defiance Quantum ETF by 316.0% during 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 position in Defiance Quantum ETF during the third quarter worth approximately $8,158,000. Western Wealth Management LLC increased its position in Defiance Quantum ETF by 462.2% during the third quarter. Western Wealth Management LLC now owns 19,240 shares of the company’s stock worth $2,018,000 after buying an additional 15,818 shares during the last quarter. Janney Montgomery Scott LLC increased its position in Defiance Quantum ETF by 25.0% during the fourth quarter. Janney Montgomery Scott LLC now owns 50,154 shares of the company’s stock worth $5,500,000 after buying an additional 10,027 shares during the last quarter. Finally, NewEdge Advisors LLC increased its position in Defiance Quantum ETF by 72.9% during the second quarter. NewEdge Advisors LLC now owns 22,321 shares of the company’s stock worth $2,049,000 after buying an additional 9,411 shares during the last quarter.

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.