First Horizon Advisors Inc. Grows Stock Position in The Defiance Quantum ETF (NYSEARCA:QTUM)

First Horizon Advisors Inc. grew its position in shares of The Defiance Quantum ETF (NYSEARCA:QTUM) by 286.2% during the fourth quarter, HoldingsChannel reports. The firm owned 753 shares of the company’s stock after buying an additional 558 shares during the period. First Horizon Advisors Inc.’s holdings in Defiance Quantum ETF were worth $41,000 as of its most recent SEC filing.

Separately, S.A. Mason LLC bought a new stake in Defiance Quantum ETF in the fourth quarter valued at about $27,000.

Defiance Quantum ETF Stock Down 0.3 %

Shares of NYSEARCA QTUM opened at $59.42 on Thursday. The stock has a market capitalization of $252.54 million, a P/E ratio of 25.63 and a beta of 1.30. The stock’s 50 day moving average price is $59.74 and its two-hundred day moving average price is $55.08. The Defiance Quantum ETF has a 52-week low of $43.71 and a 52-week high of $63.37.

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.