Tema Electrification ETF (NASDAQ:VOLT) Trading 1.5% Higher – Should You Buy?

Shares of Tema Electrification ETF (NASDAQ:VOLT) traded up 1.5% on Thursday . The company traded as high as $32.94 and last traded at $32.64. 276,320 shares traded hands during trading, an increase of 51% from the average session volume of 183,464 shares. The stock had previously closed at $32.16.

Tema Electrification ETF Stock Performance

The stock has a market cap of $315.63 million, a P/E ratio of 296.73 and a beta of 1.43. The firm has a 50-day moving average price of $29.97 and a 200-day moving average price of $28.92.

Tema Electrification ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Thursday, December 11th. Shareholders of record on Wednesday, December 10th were issued a $0.1319 dividend. The ex-dividend date was Wednesday, December 10th.

Institutional Trading of Tema Electrification ETF

A number of hedge funds have recently modified their holdings of VOLT. Envestnet Asset Management Inc. increased its stake in shares of Tema Electrification ETF by 2.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 38,580 shares of the company’s stock worth $1,111,000 after acquiring an additional 882 shares in the last quarter. Truist Financial Corp grew its holdings in Tema Electrification ETF by 2.6% in the third quarter. Truist Financial Corp now owns 34,886 shares of the company’s stock worth $1,004,000 after purchasing an additional 896 shares during the period. Osaic Holdings Inc. grew its holdings in 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 period. Stratos Wealth Partners LTD. bought a new position in shares of Tema Electrification ETF during the fourth quarter valued at approximately $204,000. Finally, Three Magnolias Financial Advisors LLC purchased a new position in shares of Tema Electrification ETF during the fourth quarter valued at approximately $206,000. Institutional investors own 33.60% of the company’s stock.

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.