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

Shares of The Defiance Quantum ETF (NASDAQ:QTUM) reached a new 52-week high on Wednesday . The stock traded as high as $120.33 and last traded at $119.98, with a volume of 421970 shares. The stock had previously closed at $117.95.

Defiance Quantum ETF Stock Performance

The business’s 50 day moving average price is $113.14 and its two-hundred day moving average price is $105.66. The company has a market capitalization of $3.68 billion, a price-to-earnings ratio of 24.34 and a beta of 1.20.

Defiance Quantum ETF Dividend Announcement

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

Institutional Trading of Defiance Quantum ETF

Institutional investors have recently modified their holdings of the company. Quadrature Capital Ltd grew its holdings in Defiance Quantum ETF by 316.0% during the third quarter. Quadrature Capital Ltd now owns 222,448 shares of the company’s stock worth $23,333,000 after acquiring an additional 168,976 shares during the period. Ethos Financial Group LLC acquired a new position in shares of Defiance Quantum ETF in the 2nd quarter worth approximately $9,510,000. Flow Traders U.S. LLC bought a new stake in shares of Defiance Quantum ETF in the 3rd quarter worth approximately $8,158,000. Strategic Blueprint LLC raised its holdings 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 worth $3,190,000 after purchasing an additional 26,372 shares in the last quarter. Finally, Western Wealth Management LLC lifted its stake in Defiance Quantum ETF by 462.2% during the third quarter. Western Wealth Management LLC now owns 19,240 shares of the company’s stock valued at $2,018,000 after purchasing an additional 15,818 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.