Tema Electrification ETF (NASDAQ:VOLT) Stock Price Up 0.1% – Still a Buy?

Tema Electrification ETF (NASDAQ:VOLT) shares rose 0.1% during mid-day trading on Wednesday . The stock traded as high as $36.35 and last traded at $36.08. Approximately 237,841 shares were traded during trading, an increase of 11% from the average daily volume of 214,109 shares. The stock had previously closed at $36.04.

Tema Electrification ETF Stock Up 0.1%

The stock has a market capitalization of $374.51 million, a P/E ratio of 328.00 and a beta of 1.43. The stock has a 50 day simple moving average of $31.86 and a two-hundred day simple moving average of $29.95.

Tema Electrification ETF Announces Dividend

The company also recently declared a dividend, which was paid on Thursday, December 11th. Shareholders of record on Wednesday, December 10th were given a dividend of $0.1319 per share. The ex-dividend date of this dividend was Wednesday, December 10th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Jane Street Group LLC raised its holdings in shares of Tema Electrification ETF by 416.4% in the 1st quarter. Jane Street Group LLC now owns 86,551 shares of the company’s stock valued at $1,845,000 after purchasing an additional 69,789 shares during the period. Envestnet Asset Management Inc. raised its stake in Tema Electrification ETF by 5.4% in the second quarter. Envestnet Asset Management Inc. now owns 37,698 shares of the company’s stock valued at $960,000 after buying an additional 1,939 shares during the period. Captrust Financial Advisors acquired a new stake in shares of Tema Electrification ETF in the second quarter valued at approximately $386,000. Thrivent Financial for Lutherans acquired a new stake in shares of Tema Electrification ETF in the second quarter valued at approximately $35,117,000. Finally, Osaic Holdings Inc. boosted its stake in shares of Tema Electrification ETF by 381.2% during the 2nd quarter. Osaic Holdings Inc. now owns 1,280 shares of the company’s stock worth $33,000 after acquiring an additional 1,014 shares during the period. 33.60% of the stock is currently owned by institutional investors and hedge funds.

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.