Wedbush Securities Inc. Invests $1.94 Million in The Defiance Quantum ETF $QTUM

Wedbush Securities Inc. purchased a new position in shares of The Defiance Quantum ETF (NASDAQ:QTUM) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 19,468 shares of the company’s stock, valued at approximately $1,938,000. Wedbush Securities Inc. owned approximately 0.05% of Defiance Quantum ETF as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Vision Retirement LLC increased its stake in shares of Defiance Quantum ETF by 97.7% in the 1st quarter. Vision Retirement LLC now owns 8,984 shares of the company’s stock worth $964,000 after acquiring an additional 4,440 shares during the last quarter. Financial Freedom LLC grew its holdings in shares of Defiance Quantum ETF by 29.8% in the fourth quarter. Financial Freedom LLC now owns 21,358 shares of the company’s stock valued at $2,342,000 after purchasing an additional 4,909 shares during the period. Western Wealth Management LLC grew its holdings in shares of Defiance Quantum ETF by 24.4% in the fourth quarter. Western Wealth Management LLC now owns 23,942 shares of the company’s stock valued at $2,625,000 after purchasing an additional 4,702 shares during the period. Fiduciary Alliance LLC increased its position in Defiance Quantum ETF by 147.7% during the first quarter. Fiduciary Alliance LLC now owns 6,803 shares of the company’s stock worth $730,000 after purchasing an additional 4,057 shares during the last quarter. Finally, Compass Financial Management LLC acquired a new stake in Defiance Quantum ETF during the second quarter worth about $3,290,000.

Defiance Quantum ETF Price Performance

Shares of QTUM stock opened at $148.23 on Monday. The firm’s 50-day moving average is $150.93 and its two-hundred day moving average is $137.65. The Defiance Quantum ETF has a 12 month low of $92.28 and a 12 month high of $170.00. The company has a market capitalization of $5.47 billion, a PE ratio of 24.34 and a beta of 1.36.

Defiance Quantum ETF Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, June 25th. Stockholders of record on Wednesday, June 24th were issued a dividend of $0.2699 per share. The ex-dividend date was Wednesday, June 24th. This is an increase from Defiance Quantum ETF’s previous dividend of $0.22.

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.