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

RFG Advisory LLC purchased a new stake in Global X U.S. Electrification ETF (NASDAQ:ZAP) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 21,763 shares of the company’s stock, valued at approximately $700,000. RFG Advisory LLC owned approximately 0.18% of Global X U.S. Electrification ETF at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in ZAP. Mirae Asset Global Investments Co. Ltd. raised its holdings in Global X U.S. Electrification ETF by 113.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 190,000 shares of the company’s stock valued at $5,521,000 after acquiring an additional 101,000 shares in the last quarter. Savvy Advisors Inc. grew its holdings in shares of Global X U.S. Electrification ETF by 350.0% during the 4th quarter. Savvy Advisors Inc. now owns 299,931 shares of the company’s stock worth $8,716,000 after purchasing an additional 233,286 shares in the last quarter. Bensler LLC increased its position in shares of Global X U.S. Electrification ETF by 2.0% in the fourth 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 period. Smith Moore & CO. bought a new position in shares of Global X U.S. Electrification ETF in the third quarter worth $784,000. Finally, Midwest Financial Partners Investments Inc. bought a new position in shares of Global X U.S. Electrification ETF in the fourth quarter worth $1,525,000.

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

ZAP stock opened at $34.75 on Tuesday. Global X U.S. Electrification ETF has a 52 week low of $26.33 and a 52 week high of $35.39. The business has a 50-day simple moving average of $33.77 and a 200 day simple moving average of $32.19. The company has a market cap of $456.96 million, a PE ratio of -347.50 and a beta of 0.54.

Global X U.S. Electrification ETF Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 9th. Investors of record on Monday, April 6th were given a dividend of $0.1266 per share. The ex-dividend date was Monday, April 6th. This represents a $0.51 annualized dividend and a dividend yield of 1.5%. Global X U.S. Electrification ETF’s dividend payout ratio (DPR) is currently -510.00%.

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.