Retirement Planning Group LLC Makes New Investment in Global X U.S. Electrification ETF $ZAP

Retirement Planning Group LLC purchased a new stake in shares of Global X U.S. Electrification ETF (NASDAQ:ZAP) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 17,354 shares of the company’s stock, valued at approximately $528,000. Retirement Planning Group LLC owned 0.12% of Global X U.S. Electrification ETF at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in ZAP. Fifth Third Bancorp purchased a new stake in Global X U.S. Electrification ETF in the first quarter worth about $73,000. Onyx Bridge Wealth Group LLC raised its holdings in shares of Global X U.S. Electrification ETF by 10.1% in the 3rd 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. Kestra Private Wealth Services LLC bought a new stake in shares of Global X U.S. Electrification ETF in the 1st quarter valued at about $330,000. Carlson Financial Inc. bought a new stake in shares of Global X U.S. Electrification ETF in the 2nd quarter valued at about $341,000. Finally, NWF Advisory Services Inc. purchased a new stake in shares of Global X U.S. Electrification ETF in the 2nd quarter worth approximately $372,000.

Global X U.S. Electrification ETF Stock Performance

Shares of ZAP opened at $31.24 on Thursday. The company has a 50 day moving average price of $31.46 and a 200-day moving average price of $32.79. Global X U.S. Electrification ETF has a fifty-two week low of $28.89 and a fifty-two week high of $35.39. The stock has a market capitalization of $447.04 million, a PE ratio of -312.40 and a beta of 0.55.

Global X U.S. Electrification ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 8th. Investors of record on Monday, October 5th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.9%. This is a negative change from Global X U.S. Electrification ETF’s previous quarterly dividend of $0.1684. The ex-dividend date of this dividend was Monday, October 5th. Global X U.S. Electrification ETF’s payout ratio is presently -590.00%.

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.