Tema ETFs, based in New York, reported acquiring 23,168 shares of Powell Industries (NASDAQ:POWL) on Friday. The transaction was valued at approximately $7.80 million, calculated using the fourth quarter's average pricing.
Following the purchase, the fund's holding in Powell Industries grew to 76,338 shares, with a total value of $24.34 million. The position's quarter-end value increased by $8.13 million, reflecting both the share addition and price appreciation.
As of Thursday, Powell Industries shares were trading at $405.55. The stock has risen 63.5% over the past year, outpacing the S&P 500's 17% gain during the same period.
After the transaction, the Powell Industries position represents 1.89% of Tema's 13F reportable assets under management. The fund's top holdings include Nvidia at $32.88 million, Apple at $24.24 million, Lilly at $23.11 million, Caterpillar at $21.90 million, and NextEra Energy at $19.65 million.
Powell Industries, with a market capitalization of $4.89 billion, reported revenue of $1.10 billion and net income of $180.75 million over the trailing twelve months. The company provides custom-engineered electrical equipment and systems for industrial and utility applications.