Tema Electrification ETF (NASDAQ:VOLT) Reaches New 12-Month High – Here’s Why

Tema Electrification ETF (NASDAQ:VOLT) shares hit a new 52-week high during trading on Monday . The stock traded as high as $41.82 and last traded at $41.54, with a volume of 40415 shares trading hands. The stock had previously closed at $41.14.

Tema Electrification ETF Stock Performance

The business has a fifty day simple moving average of $39.30 and a 200-day simple moving average of $34.86. The firm has a market cap of $679.87 million, a price-to-earnings ratio of 379.18 and a beta of 1.06.

Institutional Trading of Tema Electrification ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans grew its position in Tema Electrification ETF by 170.2% in the 4th quarter. Thrivent Financial for Lutherans now owns 2,300,473 shares of the company’s stock worth $66,784,000 after purchasing an additional 1,449,199 shares in the last quarter. Members Advisory Group LLC lifted its holdings in Tema Electrification ETF by 13.5% during the 1st quarter. Members Advisory Group LLC now owns 379,934 shares of the company’s stock worth $13,009,000 after purchasing an additional 45,138 shares in the last quarter. Arrow Financial Corp bought a new position in shares of Tema Electrification ETF in the fourth quarter valued at approximately $10,730,000. Hengehold Capital Management LLC purchased a new position in shares of Tema Electrification ETF during the 4th quarter valued at $5,566,000. Finally, LPL Financial LLC grew its position in 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 buying an additional 131,198 shares in the last quarter. 33.60% of the stock is owned by institutional investors.

Tema Electrification ETF Company Profile

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.