Tema Electrification ETF (NASDAQ:VOLT) Sets New 1-Year High – Time to Buy?

Tema Electrification ETF (NASDAQ:VOLT)’s share price reached a new 52-week high on Wednesday . The company traded as high as $41.50 and last traded at $41.14, with a volume of 439275 shares changing hands. The stock had previously closed at $40.61.

Tema Electrification ETF Trading Up 1.3%

The firm has a market cap of $670.58 million, a P/E ratio of 374.00 and a beta of 1.23. The business’s fifty day simple moving average is $36.03 and its 200-day simple moving average is $32.61.

Institutional Investors Weigh In On Tema Electrification ETF

Several institutional investors have recently made changes to their positions in VOLT. Thrivent Financial for Lutherans lifted its position in shares of Tema Electrification ETF by 170.2% during the fourth quarter. Thrivent Financial for Lutherans now owns 2,300,473 shares of the company’s stock worth $66,784,000 after acquiring an additional 1,449,199 shares in the last quarter. Arrow Financial Corp purchased a new stake in shares of Tema Electrification ETF during the fourth quarter worth $10,730,000. Members Advisory Group LLC purchased a new stake in shares of Tema Electrification ETF during the fourth quarter worth $9,684,000. Hengehold Capital Management LLC purchased a new stake in shares of Tema Electrification ETF during the fourth quarter worth $5,566,000. Finally, LPL Financial LLC lifted its position in shares of Tema Electrification ETF by 831.9% during the fourth quarter. LPL Financial LLC now owns 146,969 shares of the company’s stock worth $4,251,000 after acquiring an additional 131,198 shares in the last quarter. Hedge funds and other institutional investors own 33.60% of the company’s stock.

About Tema Electrification ETF

The Tema Electrification ETF (VOLT) is an exchange-traded fund that mostly invests in utilities equity. The fund actively invests in a concentrated portfolio of companies worldwide that are positioned to benefit from the electrification megacycle. The fund seeks long-term growth of capital. VOLT was launched on Dec 3, 2024 and is issued by Tema.