15,499 Tema Electrification ETF $VOLT Shares Sold by Pinnacle Associates Ltd.

Pinnacle Associates Ltd. trimmed its stake in shares of Tema Electrification ETF (NASDAQ:VOLT) by 42.8% during the third quarter, Holdings Channel reports. The firm owned 20,734 shares of the company’s stock after selling 15,499 shares during the period. Pinnacle Associates Ltd.’s holdings in Tema Electrification ETF were worth $735,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Members Advisory Group LLC raised its holdings in shares of Tema Electrification ETF by 26.5% in the 2nd quarter. Members Advisory Group LLC now owns 480,790 shares of the company’s stock worth $20,140,000 after buying an additional 100,856 shares in the last quarter. Baird Financial Group Inc. lifted its position in shares of Tema Electrification ETF by 65.0% during the 2nd quarter. Baird Financial Group Inc. now owns 302,721 shares of the company’s stock worth $12,681,000 after buying an additional 119,218 shares during the period. Hengehold Capital Management LLC acquired a new stake in Tema Electrification ETF in the 3rd quarter valued at $7,886,000. Avaii Wealth Management LLC boosted its stake in Tema Electrification ETF by 421.7% in the 3rd quarter. Avaii Wealth Management LLC now owns 219,907 shares of the company’s stock valued at $8,077,000 after buying an additional 177,752 shares in the last quarter. Finally, SBE LLC DBA Cedar Cove Wealth Partners boosted its stake in Tema Electrification ETF by 10.7% in the 3rd quarter. SBE LLC DBA Cedar Cove Wealth Partners now owns 137,580 shares of the company’s stock valued at $4,874,000 after buying an additional 13,346 shares in the last quarter. 33.60% of the stock is currently owned by institutional investors.

Tema Electrification ETF Price Performance

Shares of NASDAQ:VOLT opened at $32.80 on Friday. The business’s fifty day moving average price is $35.80 and its two-hundred day moving average price is $37.83. Tema Electrification ETF has a fifty-two week low of $28.05 and a fifty-two week high of $42.16. The stock has a market capitalization of $751.78 million, a price-to-earnings ratio of 298.18 and a beta of 1.04.

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.