Defiance Quantum ETF (NASDAQ:QTUM) Reaches New 52-Week High – Should You Buy?

The Defiance Quantum ETF (NASDAQ:QTUM) reached a new 52-week high during mid-day trading on Thursday . The stock 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 Trading Down 0.6%

The stock has a fifty day simple moving average of $111.86 and a two-hundred day simple moving average of $104.93. The company has a market cap of $3.63 billion, a PE ratio of 24.34 and a beta of 1.20.

Defiance Quantum ETF Announces Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, December 30th. Investors of record on Monday, December 29th were issued a dividend of $0.4452 per share. The ex-dividend date of this dividend was Monday, December 29th.

Institutional Investors Weigh In On Defiance Quantum ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of QTUM. Van ECK Associates Corp grew its stake in shares of Defiance Quantum ETF by 88.4% during the 3rd quarter. Van ECK Associates Corp now owns 243 shares of the company’s stock worth $25,000 after purchasing an additional 114 shares during the period. Provenance Wealth Advisors LLC lifted its stake in shares of 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 period. Nova Wealth Management Inc. lifted its stake in shares of 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 period. Parallel Advisors LLC boosted its holdings in Defiance Quantum ETF by 289.0% during the second quarter. Parallel Advisors LLC now owns 389 shares of the company’s stock worth $36,000 after buying an additional 289 shares in the last quarter. Finally, Huntington National Bank boosted its holdings in Defiance Quantum ETF by 83.8% during the third quarter. Huntington National Bank now owns 669 shares of the company’s stock worth $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.