Western Wealth Management LLC Purchases 4,702 Shares of The Defiance Quantum ETF $QTUM

Western Wealth Management LLC increased its position in The Defiance Quantum ETF (NASDAQ:QTUM) by 24.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,942 shares of the company’s stock after purchasing an additional 4,702 shares during the quarter. Western Wealth Management LLC owned approximately 0.08% of Defiance Quantum ETF worth $2,625,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of QTUM. Quadrature Capital Ltd grew its stake in Defiance Quantum ETF by 316.0% in the third quarter. Quadrature Capital Ltd now owns 222,448 shares of the company’s stock worth $23,333,000 after purchasing an additional 168,976 shares in the last quarter. Flow Traders U.S. LLC bought a new position in Defiance Quantum ETF in the third quarter worth approximately $8,158,000. NewEdge Advisors LLC grew its stake in Defiance Quantum ETF by 72.9% in the second quarter. NewEdge Advisors LLC now owns 22,321 shares of the company’s stock worth $2,049,000 after purchasing an additional 9,411 shares in the last quarter. Thoroughbred Financial Services LLC bought a new position in Defiance Quantum ETF in the third quarter worth approximately $573,000. Finally, High Point Wealth Management LLC bought a new position in Defiance Quantum ETF in the fourth quarter worth approximately $575,000.

Defiance Quantum ETF Trading Up 0.7%

Shares of NASDAQ QTUM opened at $147.88 on Friday. The stock has a market capitalization of $4.72 billion, a PE ratio of 24.34 and a beta of 1.31. The stock’s fifty day simple moving average is $120.91 and its two-hundred day simple moving average is $115.93. The Defiance Quantum ETF has a 12-month low of $83.24 and a 12-month high of $148.43.

Defiance Quantum ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, March 26th. Shareholders of record on Wednesday, March 25th were given a dividend of $0.2236 per share. The ex-dividend date of this dividend was Wednesday, March 25th.

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.