Tema Electrification ETF (NASDAQ:VOLT) Stock Price Up 1.5% – Here’s Why

Tema Electrification ETF (NASDAQ:VOLT)’s stock price was up 1.5% during trading on Thursday . The company traded as high as $32.94 and last traded at $32.64. Approximately 276,320 shares were traded during mid-day trading, an increase of 51% from the average daily volume of 183,464 shares. The stock had previously closed at $32.16.

Tema Electrification ETF Price Performance

The business has a 50 day moving average of $30.05 and a 200 day moving average of $28.97. The firm has a market capitalization of $330.58 million, a price-to-earnings ratio of 292.91 and a beta of 1.43.

Tema Electrification ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Thursday, December 11th. Investors of record on Wednesday, December 10th were issued a $0.1319 dividend. The ex-dividend date of this dividend was Wednesday, December 10th.

Institutional Investors Weigh In On Tema Electrification ETF

Large investors have recently bought and sold shares of the company. Envestnet Asset Management Inc. grew its holdings in shares of Tema Electrification ETF by 2.3% during the third quarter. Envestnet Asset Management Inc. now owns 38,580 shares of the company’s stock worth $1,111,000 after buying an additional 882 shares in the last quarter. Truist Financial Corp grew its stake in Tema Electrification ETF by 2.6% during the third quarter. Truist Financial Corp now owns 34,886 shares of the company’s stock worth $1,004,000 after buying an additional 896 shares in the last quarter. Osaic Holdings Inc. boosted its stake in Tema Electrification ETF by 381.2% in the second quarter. Osaic Holdings Inc. now owns 1,280 shares of the company’s stock valued at $33,000 after buying an additional 1,014 shares in the last quarter. Stratos Wealth Partners LTD. bought a new stake in Tema Electrification ETF during the 4th quarter worth $204,000. Finally, Three Magnolias Financial Advisors LLC acquired a new position in Tema Electrification ETF during the 4th quarter worth about $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.