RFG Advisory LLC Invests $700,000 in Global X U.S. Electrification ETF $ZAP

RFG Advisory LLC acquired a new position in Global X U.S. Electrification ETF (NASDAQ:ZAP) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 21,763 shares of the company’s stock, valued at approximately $700,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bensler LLC raised its position in Global X U.S. Electrification ETF by 2.0% during the 4th quarter. Bensler LLC now owns 991,322 shares of the company’s stock worth $28,808,000 after purchasing an additional 19,456 shares during the last quarter. Bank of America Corp DE lifted its holdings in Global X U.S. Electrification ETF by 36,521.6% during the 3rd quarter. Bank of America Corp DE now owns 457,038 shares of the company’s stock worth $13,492,000 after buying an additional 455,790 shares during the period. LPL Financial LLC grew its position in shares of Global X U.S. Electrification ETF by 43.8% in the 4th quarter. LPL Financial LLC now owns 383,837 shares of the company’s stock valued at $11,154,000 after buying an additional 116,864 shares during the last quarter. Savvy Advisors Inc. grew its position in shares of Global X U.S. Electrification ETF by 350.0% in the 4th quarter. Savvy Advisors Inc. now owns 299,931 shares of the company’s stock valued at $8,716,000 after buying an additional 233,286 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Global X U.S. Electrification ETF by 113.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 190,000 shares of the company’s stock valued at $5,521,000 after buying an additional 101,000 shares during the period.

Global X U.S. Electrification ETF Trading Up 0.4%

Shares of ZAP stock opened at $34.75 on Tuesday. Global X U.S. Electrification ETF has a 1-year low of $26.33 and a 1-year high of $35.39. The stock has a market cap of $456.96 million, a price-to-earnings ratio of -347.50 and a beta of 0.54. The stock has a 50-day moving average of $33.77 and a 200-day moving average of $32.19.

Global X U.S. Electrification ETF Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 9th. Investors of record on Monday, April 6th were issued a $0.1266 dividend. The ex-dividend date was Monday, April 6th. This represents a $0.51 annualized dividend and a yield of 1.5%. Global X U.S. Electrification ETF’s dividend payout ratio is presently -510.00%.

Global X U.S. Electrification ETF Company Profile

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.