Defiance Quantum ETF (NASDAQ:QTUM) Hits New 12-Month High – Still a Buy?

The Defiance Quantum ETF (NASDAQ:QTUM)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as $159.85 and last traded at $156.51, with a volume of 1180124 shares trading hands. The stock had previously closed at $158.62.

Defiance Quantum ETF Stock Performance

The company has a market cap of $5.10 billion, a price-to-earnings ratio of 24.34 and a beta of 1.31. The stock’s fifty day moving average is $129.65 and its two-hundred day moving average is $118.86.

Defiance Quantum ETF Cuts Dividend

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

Hedge Funds Weigh In On Defiance Quantum ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Quadrature Capital Ltd boosted its stake in Defiance Quantum ETF by 316.0% during the 3rd quarter. Quadrature Capital Ltd now owns 222,448 shares of the company’s stock valued at $23,333,000 after purchasing an additional 168,976 shares during the last quarter. Flow Traders U.S. LLC acquired a new position in Defiance Quantum ETF during the 3rd quarter valued at about $8,158,000. Flagship Harbor Advisors LLC boosted its stake in Defiance Quantum ETF by 1.4% during the 4th quarter. Flagship Harbor Advisors LLC now owns 57,117 shares of the company’s stock valued at $6,264,000 after purchasing an additional 815 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in Defiance Quantum ETF by 2.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 51,496 shares of the company’s stock valued at $5,526,000 after purchasing an additional 1,342 shares during the last quarter. Finally, RPg Family Wealth Advisory LLC boosted its stake in Defiance Quantum ETF by 2.2% during the 4th quarter. RPg Family Wealth Advisory LLC now owns 29,349 shares of the company’s stock valued at $3,218,000 after purchasing an additional 620 shares during the last quarter.

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.