Defiance Quantum ETF (NASDAQ:QTUM) Sets New 52-Week High – Time to Buy?

The Defiance Quantum ETF (NASDAQ:QTUM) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $115.90 and last traded at $115.49, with a volume of 435286 shares. The stock had previously closed at $114.40.

Defiance Quantum ETF Stock Up 1.0%

The stock has a market cap of $3.18 billion, a PE ratio of 24.34 and a beta of 1.20. The stock’s fifty day moving average price is $109.84 and its 200 day moving average price is $99.34.

Defiance Quantum ETF Dividend Announcement

The firm also recently announced 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.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of QTUM. Van ECK Associates Corp boosted its position in shares of Defiance Quantum ETF by 88.4% during the third quarter. Van ECK Associates Corp now owns 243 shares of the company’s stock valued at $25,000 after buying an additional 114 shares during the last quarter. Copia Wealth Management lifted its stake in Defiance Quantum ETF by 1,016.1% during the 3rd quarter. Copia Wealth Management now owns 346 shares of the company’s stock valued at $36,000 after acquiring an additional 315 shares during the period. Parallel Advisors LLC boosted its holdings in shares of 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. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Defiance Quantum ETF during the 2nd quarter valued at about $37,000. Finally, Luminist Capital LLC bought a new stake in shares of Defiance Quantum ETF in the second quarter worth approximately $38,000.

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.