Tema Electrification ETF (NASDAQ:VOLT) Sets New 52-Week High – Still a Buy?

Tema Electrification ETF (NASDAQ:VOLT) hit a new 52-week high on Wednesday . The stock 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 Price Performance

The stock has a market capitalization of $670.58 million, a P/E ratio of 374.00 and a beta of 1.23. The company has a 50 day simple moving average of $36.03 and a 200-day simple moving average of $32.61.

Institutional Investors Weigh In On Tema Electrification ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Oder Investment Management LLC purchased a new stake in Tema Electrification ETF during the first quarter valued at about $418,000. Members Advisory Group LLC raised its position in shares of Tema Electrification ETF by 13.5% in the first quarter. Members Advisory Group LLC now owns 379,934 shares of the company’s stock valued at $13,009,000 after purchasing an additional 45,138 shares during the period. Kestra Advisory Services LLC raised its position in shares of Tema Electrification ETF by 165.2% in the first quarter. Kestra Advisory Services LLC now owns 125,791 shares of the company’s stock valued at $4,307,000 after purchasing an additional 78,355 shares during the period. Saxon Interests Inc. purchased a new stake in shares of Tema Electrification ETF during the 1st quarter valued at approximately $1,113,000. Finally, Mirae Asset Securities USA Inc. purchased a new stake in shares of Tema Electrification ETF during the 1st quarter valued at approximately $729,000. 33.60% of the stock is currently owned by institutional investors.

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.