Defiance Quantum ETF (NASDAQ:QTUM) Reaches New 1-Year High – Here’s What Happened

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

Defiance Quantum ETF Stock Performance

The company has a market capitalization of $3.59 billion, a PE ratio of 24.34 and a beta of 1.20. The firm’s 50-day simple moving average is $111.38 and its 200 day simple moving average is $104.65.

Defiance Quantum ETF Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, December 30th. Shareholders of record on Monday, December 29th were given a dividend of $0.4452 per share. The ex-dividend date was Monday, December 29th.

Institutional Investors Weigh In On Defiance Quantum ETF

Several institutional investors have recently modified their holdings of QTUM. Van ECK Associates Corp grew its holdings in shares of Defiance Quantum ETF by 88.4% in the 3rd quarter. Van ECK Associates Corp now owns 243 shares of the company’s stock worth $25,000 after acquiring an additional 114 shares during the period. Provenance Wealth Advisors LLC grew its holdings in Defiance Quantum ETF by 3.1% in the third quarter. Provenance Wealth Advisors LLC now owns 6,995 shares of the company’s stock valued at $734,000 after purchasing an additional 210 shares during the last quarter. Nova Wealth Management Inc. grew its holdings in Defiance Quantum ETF by 1.2% in the fourth quarter. Nova Wealth Management Inc. now owns 23,047 shares of the company’s stock valued at $2,527,000 after purchasing an additional 272 shares during the last quarter. Parallel Advisors LLC increased its position in shares of Defiance Quantum ETF by 289.0% in the second quarter. Parallel Advisors LLC now owns 389 shares of the company’s stock valued at $36,000 after buying an additional 289 shares in the last quarter. Finally, Huntington National Bank increased its position in shares of Defiance Quantum ETF by 83.8% in the third quarter. Huntington National Bank now owns 669 shares of the company’s stock valued at $70,000 after buying an additional 305 shares in 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.