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

The Defiance Quantum ETF (NASDAQ:QTUM)’s stock price reached a new 52-week high on Monday . The stock traded as high as $115.75 and last traded at $114.94, with a volume of 61796 shares. The stock had previously closed at $115.10.

Defiance Quantum ETF Stock Performance

The firm has a market capitalization of $3.10 billion, a price-to-earnings ratio of 24.34 and a beta of 1.20. The company has a fifty day moving average of $104.79 and a two-hundred day moving average of $93.58.

Defiance Quantum ETF Dividend Announcement

The business also recently disclosed a — dividend, which was paid on Thursday, September 25th. Shareholders of record on Wednesday, September 24th were paid a dividend of $0.2388 per share. This represents a yield of 60.0%. The ex-dividend date was Wednesday, September 24th.

Hedge Funds Weigh In On Defiance Quantum ETF

A number of hedge funds have recently added to or reduced their stakes in QTUM. Ethos Financial Group LLC bought a new position in Defiance Quantum ETF during the 2nd quarter worth $9,510,000. Flow Traders U.S. LLC bought a new position in shares of Defiance Quantum ETF in the 1st quarter valued at $3,630,000. RPg Family Wealth Advisory LLC bought a new position in shares of Defiance Quantum ETF in the 1st quarter valued at $2,067,000. Strategic Blueprint LLC increased its stake in shares of Defiance Quantum ETF by 653.4% in the 3rd quarter. Strategic Blueprint LLC now owns 30,408 shares of the company’s stock valued at $3,190,000 after purchasing an additional 26,372 shares during the last quarter. Finally, Nova Wealth Management Inc. increased its stake in shares of Defiance Quantum ETF by 249.2% in the 2nd quarter. Nova Wealth Management Inc. now owns 18,821 shares of the company’s stock valued at $1,728,000 after purchasing an additional 13,432 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.