Tema Electrification ETF (NASDAQ:VOLT) Reaches New 1-Year High – Still a Buy?

Tema Electrification ETF (NASDAQ:VOLT)’s share price reached a new 52-week high on Monday . The company traded as high as $41.82 and last traded at $41.54, with a volume of 40415 shares traded. The stock had previously closed at $41.14.

Tema Electrification ETF Price Performance

The company has a 50-day simple moving average of $39.45 and a 200-day simple moving average of $35.02. The firm has a market cap of $661.45 million, a PE ratio of 368.91 and a beta of 1.06.

Institutional Investors Weigh In On Tema Electrification ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Envestnet Asset Management Inc. increased its stake in Tema Electrification ETF by 2.3% in the third quarter. Envestnet Asset Management Inc. now owns 38,580 shares of the company’s stock worth $1,111,000 after purchasing an additional 882 shares during the period. NewEdge Advisors LLC purchased a new stake in shares of Tema Electrification ETF during the fourth quarter valued at $28,000. Osaic Holdings Inc. grew its holdings in shares of Tema Electrification ETF by 381.2% in the second quarter. Osaic Holdings Inc. now owns 1,280 shares of the company’s stock worth $33,000 after purchasing an additional 1,014 shares during the last quarter. SHP Wealth Management bought a new position in shares of Tema Electrification ETF in the fourth quarter worth about $34,000. Finally, Arax Advisory Partners grew its holdings in shares of Tema Electrification ETF by 4,765.7% in the fourth quarter. Arax Advisory Partners now owns 1,703 shares of the company’s stock worth $49,000 after purchasing an additional 1,668 shares during 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.