200,000 Shares of Global X U.S. Electrification ETF $ZAP Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. bought a new stake in Global X U.S. Electrification ETF (NASDAQ:ZAP) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 200,000 shares of the company’s stock, valued at approximately $6,090,000.

A number of other hedge funds and other institutional investors have also modified their holdings of ZAP. Fifth Third Bancorp bought a new stake in Global X U.S. Electrification ETF during the first quarter worth about $73,000. Onyx Bridge Wealth Group LLC grew its stake in Global X U.S. Electrification ETF by 10.1% in the third quarter. Onyx Bridge Wealth Group LLC now owns 7,449 shares of the company’s stock valued at $227,000 after purchasing an additional 682 shares in the last quarter. Prime Capital Investment Advisors LLC grew its stake in Global X U.S. Electrification ETF by 10.1% in the third quarter. Prime Capital Investment Advisors LLC now owns 8,200 shares of the company’s stock valued at $250,000 after purchasing an additional 749 shares in the last quarter. Carlson Financial Inc. bought a new position in Global X U.S. Electrification ETF in the second quarter valued at approximately $341,000. Finally, NWF Advisory Services Inc. bought a new position in Global X U.S. Electrification ETF in the second quarter valued at approximately $372,000.

Global X U.S. Electrification ETF Stock Down 2.4%

NASDAQ:ZAP opened at $30.72 on Friday. The firm has a market capitalization of $437.76 million, a price-to-earnings ratio of -307.20 and a beta of 0.52. Global X U.S. Electrification ETF has a twelve month low of $28.89 and a twelve month high of $35.39. The stock’s 50 day moving average price is $31.24 and its two-hundred day moving average price is $32.48.

Global X U.S. Electrification ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Investors of record on Monday, October 5th were paid a $0.15 dividend. This is a drop from Global X U.S. Electrification ETF’s previous quarterly dividend of $0.1684. This represents a $0.60 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend was Monday, October 5th. Global X U.S. Electrification ETF’s dividend payout ratio (DPR) is -590.00%.

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.