Midwest Financial Partners Investments Inc. Invests $1.53 Million in Global X U.S. Electrification ETF $ZAP

Midwest Financial Partners Investments Inc. purchased a new position in shares of Global X U.S. Electrification ETF (NASDAQ:ZAP) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 52,489 shares of the company’s stock, valued at approximately $1,525,000. Global X U.S. Electrification ETF makes up 0.8% of Midwest Financial Partners Investments Inc.’s investment portfolio, making the stock its 26th largest position. Midwest Financial Partners Investments Inc. owned 0.54% of Global X U.S. Electrification ETF as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Oppenheimer & Co. Inc. raised its stake in shares of Global X U.S. Electrification ETF by 3.4% during the 4th quarter. Oppenheimer & Co. Inc. now owns 21,929 shares of the company’s stock worth $637,000 after purchasing an additional 721 shares in the last quarter. Bank of America Corp DE purchased a new stake in shares of Global X U.S. Electrification ETF during the 2nd quarter worth about $34,000. IFP Advisors Inc raised its stake in shares of Global X U.S. Electrification ETF by 21.7% during the 3rd quarter. IFP Advisors Inc now owns 8,718 shares of the company’s stock worth $257,000 after purchasing an additional 1,554 shares in the last quarter. Hazlett Burt & Watson Inc. acquired a new stake in shares of Global X U.S. Electrification ETF in the 3rd quarter valued at $52,000. Finally, Systelligence LLC lifted its stake in shares of Global X U.S. Electrification ETF by 1.7% in the 4th quarter. Systelligence LLC now owns 105,169 shares of the company’s stock valued at $3,056,000 after purchasing an additional 1,772 shares during the last quarter.

Global X U.S. Electrification ETF Trading Up 1.6%

ZAP stock opened at $33.92 on Friday. Global X U.S. Electrification ETF has a 1 year low of $25.23 and a 1 year high of $34.99. The company has a fifty day simple moving average of $33.05 and a 200 day simple moving average of $31.48. The firm has a market cap of $446.05 million, a PE ratio of -339.20 and a beta of 0.66.

Global X U.S. Electrification ETF Dividend Announcement

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