Defiance Quantum ETF (NASDAQ:QTUM) Stock Price Down 0.2% – Should You Sell?

The Defiance Quantum ETF (NASDAQ:QTUM)’s stock price fell 0.2% on Tuesday . The stock traded as low as $73.79 and last traded at $74.90. 356,422 shares were traded during mid-day trading, a decline of 29% from the average session volume of 503,196 shares. The stock had previously closed at $75.02.

Defiance Quantum ETF Stock Down 0.2 %

The stock has a market cap of $969.96 million, a P/E ratio of 24.68 and a beta of 1.15. The stock has a fifty day simple moving average of $81.77 and a 200-day simple moving average of $72.10.

Defiance Quantum ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Monday, December 30th. Stockholders of record on Friday, December 27th were issued a $0.0751 dividend. The ex-dividend date was Friday, December 27th.

Institutional Investors Weigh In On Defiance Quantum ETF

Hedge funds have recently modified their holdings of the business. Future Financial Wealth Managment LLC raised its holdings in Defiance Quantum ETF by 670.0% during the 4th quarter. Future Financial Wealth Managment LLC now owns 385 shares of the company’s stock worth $31,000 after buying an additional 335 shares during the period. Gen Wealth Partners Inc acquired a new position in Defiance Quantum ETF in the 4th quarter worth $34,000. Archford Capital Strategies LLC raised its stake in shares of Defiance Quantum ETF by 6.9% in the 4th quarter. Archford Capital Strategies LLC now owns 5,140 shares of the company’s stock valued at $417,000 after purchasing an additional 334 shares during the period. Nations Financial Group Inc. IA ADV bought a new stake in shares of Defiance Quantum ETF in the fourth quarter valued at about $498,000. Finally, Janney Montgomery Scott LLC acquired a new position in shares of Defiance Quantum ETF during the fourth quarter worth about $1,665,000.

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.