Janney Montgomery Scott LLC Grows Position in The Defiance Quantum ETF (NASDAQ:QTUM)

Janney Montgomery Scott LLC boosted its stake in shares of The Defiance Quantum ETF (NASDAQ:QTUM) by 24.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 25,483 shares of the company’s stock after purchasing an additional 4,969 shares during the period. Janney Montgomery Scott LLC owned about 0.18% of Defiance Quantum ETF worth $1,899,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Novem Group purchased a new position in shares of Defiance Quantum ETF in the fourth quarter valued at about $3,048,000. Farther Finance Advisors LLC lifted its position in shares of Defiance Quantum ETF by 7,600.0% in the first quarter. Farther Finance Advisors LLC now owns 462 shares of the company’s stock valued at $35,000 after acquiring an additional 456 shares in the last quarter. Gen Wealth Partners Inc purchased a new position in shares of Defiance Quantum ETF in the fourth quarter valued at about $34,000. Finally, OLD Mission Capital LLC purchased a new position in shares of Defiance Quantum ETF in the fourth quarter valued at about $3,119,000.

Defiance Quantum ETF Trading Up 0.9%

Shares of QTUM stock opened at $90.85 on Friday. The Defiance Quantum ETF has a 12-month low of $52.98 and a 12-month high of $90.92. The stock’s 50-day moving average price is $83.18 and its 200-day moving average price is $80.57. The stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of 24.34 and a beta of 1.15.

Defiance Quantum ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, June 26th. Shareholders of record on Wednesday, June 25th were paid a dividend of $0.2656 per share. This is a boost from Defiance Quantum ETF’s previous dividend of $0.16. The ex-dividend date was Wednesday, June 25th.

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.