Defiance Quantum ETF (NASDAQ:QTUM) Reaches New 12-Month High – Here’s Why

Shares of The Defiance Quantum ETF (NASDAQ:QTUM) hit a new 52-week high during trading on Tuesday . The stock traded as high as $96.69 and last traded at $96.32, with a volume of 54276 shares traded. The stock had previously closed at $96.32.

Defiance Quantum ETF Price Performance

The firm’s 50-day moving average is $93.57 and its 200 day moving average is $84.64. The stock has a market cap of $1.90 billion, a price-to-earnings ratio of 24.34 and a beta of 1.15.

Defiance Quantum ETF Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, June 26th. Investors of record on Wednesday, June 25th were issued a dividend of $0.2656 per share. The ex-dividend date of this dividend was Wednesday, June 25th. This is a positive change from Defiance Quantum ETF’s previous dividend of $0.16.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Fiduciary Alliance LLC boosted its stake in Defiance Quantum ETF by 6.1% during the 2nd quarter. Fiduciary Alliance LLC now owns 3,516 shares of the company’s stock valued at $323,000 after acquiring an additional 203 shares during the last quarter. Parallel Advisors LLC boosted its stake in Defiance Quantum ETF by 289.0% during the 2nd quarter. Parallel Advisors LLC now owns 389 shares of the company’s stock valued at $36,000 after acquiring an additional 289 shares during the last quarter. Financial Freedom LLC bought a new position in Defiance Quantum ETF during the 1st quarter valued at $27,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Defiance Quantum ETF during the 2nd quarter valued at $37,000. Finally, Luminist Capital LLC bought a new position in Defiance Quantum ETF during the 2nd quarter valued at $38,000.

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.