Tema Electrification ETF (NASDAQ:VOLT) Sets New 12-Month High – Should You Buy?

Tema Electrification ETF (NASDAQ:VOLT)’s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as $39.85 and last traded at $39.84, with a volume of 95490 shares trading hands. The stock had previously closed at $38.89.

Tema Electrification ETF Price Performance

The company has a market cap of $638.60 million, a price-to-earnings ratio of 368.36 and a beta of 1.01. The firm’s 50 day simple moving average is $35.81 and its 200-day simple moving average is $32.44.

Hedge Funds Weigh In On Tema Electrification ETF

Large investors have recently bought and sold shares of the stock. NewEdge Advisors LLC acquired a new position in Tema Electrification ETF in the fourth quarter valued at $28,000. Osaic Holdings Inc. boosted its stake in Tema Electrification ETF by 381.2% in the second quarter. Osaic Holdings Inc. now owns 1,280 shares of the company’s stock valued at $33,000 after acquiring an additional 1,014 shares in the last quarter. SHP Wealth Management acquired a new position in Tema Electrification ETF in the fourth quarter valued at $34,000. Allworth Financial LP acquired a new position in Tema Electrification ETF in the fourth quarter valued at $49,000. Finally, Arax Advisory Partners boosted its stake in Tema Electrification ETF by 4,765.7% in the fourth quarter. Arax Advisory Partners now owns 1,703 shares of the company’s stock valued at $49,000 after acquiring an additional 1,668 shares in the last quarter. Institutional investors and hedge funds 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.