Global X U.S. Electrification ETF (NASDAQ:ZAP) Plans Quarterly Dividend of $0.15

Global X U.S. Electrification ETF (NASDAQ:ZAP) announced a quarterly dividend on Monday, December 29th, NASDAQ Dividends reports. Shareholders of record on Tuesday, December 30th will be paid a dividend of 0.1484 per share on Wednesday, January 7th. This represents a c) dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Tuesday, December 30th. This is a 51.3% increase from Global X U.S. Electrification ETF’s previous quarterly dividend of $0.10.

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

ZAP traded down $0.18 during trading on Tuesday, hitting $29.23. 77,658 shares of the company’s stock were exchanged, compared to its average volume of 79,280. Global X U.S. Electrification ETF has a fifty-two week low of $22.16 and a fifty-two week high of $31.52. The stock has a market cap of $248.46 million, a P/E ratio of -292.30 and a beta of 1.40. The business’s 50 day moving average is $29.97 and its two-hundred day moving average is $28.78.

Hedge Funds Weigh In On Global X U.S. Electrification ETF

Large investors have recently added to or reduced their stakes in the business. Bensler LLC acquired a new position in Global X U.S. Electrification ETF during the 3rd quarter valued at about $28,689,000. Bank of America Corp DE lifted its holdings in shares of Global X U.S. Electrification ETF by 36,521.6% in the third quarter. Bank of America Corp DE now owns 457,038 shares of the company’s stock valued at $13,492,000 after purchasing an additional 455,790 shares in the last quarter. Inspire Advisors LLC lifted its holdings in shares of Global X U.S. Electrification ETF by 3.0% in the third quarter. Inspire Advisors LLC now owns 95,754 shares of the company’s stock valued at $2,827,000 after purchasing an additional 2,814 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Global X U.S. Electrification ETF in the third quarter valued at approximately $2,627,000. Finally, Savvy Advisors Inc. purchased a new position in shares of Global X U.S. Electrification ETF during the third quarter valued at approximately $1,967,000.

About Global X U.S. Electrification ETF

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.