Global X U.S. Electrification ETF Declares Dividend of $0.17 (NASDAQ:ZAP)

Global X U.S. Electrification ETF (NASDAQ:ZAP) announced a dividend on Thursday, July 2nd, NASDAQ Dividends reports. Shareholders of record on Monday, July 6th will be paid a dividend of 0.1684 per share on Thursday, July 9th. The ex-dividend date is Monday, July 6th.

Global X U.S. Electrification ETF Price Performance

Shares of ZAP remained flat at $34.18 during mid-day trading on Friday. 94,682 shares of the stock traded hands, compared to its average volume of 129,573. The company has a fifty day simple moving average of $33.83 and a 200 day simple moving average of $32.29. Global X U.S. Electrification ETF has a twelve month low of $26.33 and a twelve month high of $35.39. The stock has a market cap of $449.47 million, a price-to-earnings ratio of -341.80 and a beta of 0.54.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE acquired a new position in shares of Global X U.S. Electrification ETF during the 2nd quarter valued at about $34,000. Ameriflex Group Inc. acquired a new stake in Global X U.S. Electrification ETF in the fourth quarter valued at approximately $51,000. Fifth Third Bancorp acquired a new stake in shares of Global X U.S. Electrification ETF during the first quarter valued at about $73,000. Osaic Holdings Inc. purchased a new position in shares of Global X U.S. Electrification ETF during the 2nd quarter valued at approximately $140,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Global X U.S. Electrification ETF in the 2nd quarter valued at about $205,000.

About Global X U.S. Electrification ETF

The Global X U.S. Electrification ETF (ZAP) is an exchange-traded fund that is based on the Global X US Electrification index. The fund tracks market-cap selected and weighted index of US listed companies in developed markets involved in the industry of electrification. This includes companies involved in conventional and alternative electricity, and smart grid technologies. ZAP was launched on Dec 17, 2024 and is issued by Global X.