Flynn Zito Capital Management LLC Takes $4.77 Million Position in Global X U.S. Electrification ETF $ZAP

Flynn Zito Capital Management LLC purchased a new position in shares of Global X U.S. Electrification ETF (NASDAQ:ZAP) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 148,190 shares of the company’s stock, valued at approximately $4,766,000. Global X U.S. Electrification ETF comprises 1.5% of Flynn Zito Capital Management LLC’s investment portfolio, making the stock its 17th biggest holding. Flynn Zito Capital Management LLC owned about 1.13% of Global X U.S. Electrification ETF at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Bank of America Corp DE acquired a new position in Global X U.S. Electrification ETF in the 2nd quarter valued at $34,000. Ameriflex Group Inc. acquired a new stake in shares of Global X U.S. Electrification ETF in the 4th quarter worth $51,000. Fifth Third Bancorp acquired a new stake in shares of Global X U.S. Electrification ETF in the 1st quarter worth $73,000. Osaic Holdings Inc. purchased a new stake in shares of Global X U.S. Electrification ETF in the second quarter valued at about $140,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of Global X U.S. Electrification ETF in the second quarter valued at about $205,000.

Global X U.S. Electrification ETF Stock Up 0.6%

Shares of Global X U.S. Electrification ETF stock opened at $33.86 on Wednesday. The firm has a market cap of $476.75 million, a price-to-earnings ratio of -338.60 and a beta of 0.53. Global X U.S. Electrification ETF has a 52-week low of $26.50 and a 52-week high of $35.39. The company’s 50-day simple moving average is $33.82 and its 200-day simple moving average is $32.55.

Global X U.S. Electrification ETF Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Monday, July 6th were issued a $0.1684 dividend. This represents a $0.67 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend was Monday, July 6th. Global X U.S. Electrification ETF’s payout ratio is currently -540.00%.

Global X U.S. Electrification ETF 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.