Mirae Asset Global Investments Co. Ltd. Makes New Investment in Global X U.S. Electrification ETF $ZAP

Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Global X U.S. Electrification ETF (NASDAQ:ZAP) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 89,000 shares of the company’s stock, valued at approximately $2,627,000.

Other hedge funds have also made changes to their positions in the company. Bensler LLC acquired a new stake in shares of Global X U.S. Electrification ETF in the third quarter valued at about $28,689,000. Inspire Advisors LLC boosted its holdings in Global X U.S. Electrification ETF by 3.0% during 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. Glass Jacobson Investment Advisors llc raised its stake in Global X U.S. Electrification ETF by 277.4% during the third quarter. Glass Jacobson Investment Advisors llc now owns 1,034 shares of the company’s stock worth $31,000 after acquiring an additional 760 shares in the last quarter. Trilogy Capital Inc. acquired a new position in Global X U.S. Electrification ETF in the third quarter valued at about $325,000. Finally, APS Management Group Inc. acquired a new stake in shares of Global X U.S. Electrification ETF during the third quarter worth approximately $420,000.

Global X U.S. Electrification ETF Stock Performance

Global X U.S. Electrification ETF stock opened at $30.51 on Tuesday. The business’s fifty day moving average is $29.84 and its two-hundred day moving average is $29.38. The firm has a market cap of $294.12 million, a P/E ratio of -305.10 and a beta of 1.40. Global X U.S. Electrification ETF has a 52 week low of $22.16 and a 52 week high of $31.52.

Global X U.S. Electrification ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 7th. Investors of record on Tuesday, December 30th were issued a $0.1484 dividend. This is an increase from Global X U.S. Electrification ETF’s previous quarterly dividend of $0.10. This represents a $0.59 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Tuesday, December 30th. Global X U.S. Electrification ETF’s dividend payout ratio (DPR) is -520.00%.

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.