Tema Electrification ETF (NASDAQ:VOLT) Sets New 1-Year High – Here’s What Happened

Shares of Tema Electrification ETF (NASDAQ:VOLT) reached a new 52-week high on Friday . The stock traded as high as $37.84 and last traded at $37.80, with a volume of 113637 shares trading hands. The stock had previously closed at $37.47.

Tema Electrification ETF Stock Up 0.3%

The company has a fifty day moving average of $34.69 and a two-hundred day moving average of $31.57. The stock has a market capitalization of $505.72 million, a price-to-earnings ratio of 341.82 and a beta of 1.01.

Institutional Investors Weigh In On Tema Electrification ETF

Hedge funds have recently modified their holdings of the stock. NewEdge Advisors LLC acquired a new stake in shares of Tema Electrification ETF during the fourth quarter worth $28,000. SHP Wealth Management acquired a new stake in shares of Tema Electrification ETF during the fourth quarter worth $34,000. Osaic Holdings Inc. lifted its holdings in shares of Tema Electrification ETF by 381.2% during 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 period. Allworth Financial LP acquired a new stake in shares of Tema Electrification ETF during the fourth quarter worth $49,000. Finally, Arax Advisory Partners lifted its holdings in shares of Tema Electrification ETF by 4,765.7% during 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 period. 33.60% of the stock is owned by institutional investors and hedge funds.

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.