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

Mirae Asset Global Investments Co. Ltd. purchased a new stake in Global X U.S. Electrification ETF (NASDAQ:ZAP) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 200,000 shares of the company’s stock, valued at approximately $6,090,000. Mirae Asset Global Investments Co. Ltd. owned approximately 1.40% of Global X U.S. Electrification ETF at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Bank of America Corp DE raised its position in Global X U.S. Electrification ETF by 34.2% in the 1st quarter. Bank of America Corp DE now owns 1,228,100 shares of the company’s stock valued at $39,496,000 after buying an additional 312,881 shares during the last quarter. Sterling Manor Financial LLC acquired a new position in Global X U.S. Electrification ETF during the 3rd quarter worth approximately $4,755,000. Flynn Zito Capital Management LLC acquired a new position in Global X U.S. Electrification ETF during the 1st quarter worth approximately $4,766,000. Envestnet Asset Management Inc. grew its stake in shares of Global X U.S. Electrification ETF by 10.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 92,316 shares of the company’s stock worth $3,195,000 after acquiring an additional 8,803 shares in the last quarter. Finally, Cetera Investment Advisers grew its stake in shares of Global X U.S. Electrification ETF by 409.2% during the 1st quarter. Cetera Investment Advisers now owns 88,221 shares of the company’s stock worth $2,837,000 after acquiring an additional 70,897 shares in the last quarter.

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

NASDAQ ZAP opened at $30.72 on Friday. Global X U.S. Electrification ETF has a 12-month low of $28.89 and a 12-month high of $35.39. The company has a market capitalization of $437.76 million, a PE ratio of -307.20 and a beta of 0.52. The firm’s 50 day moving average is $31.24 and its 200-day moving average is $32.48.

Global X U.S. Electrification ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Investors of record on Monday, October 5th were issued a dividend of $0.15 per share. The ex-dividend date was Monday, October 5th. This is a negative change from Global X U.S. Electrification ETF’s previous quarterly dividend of $0.1684. This represents a $0.60 annualized dividend and a yield of 2.0%. Global X U.S. Electrification ETF’s dividend payout ratio is currently -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.