Retirement Planning Group LLC Purchases 17,354 Shares of Global X U.S. Electrification ETF $ZAP

Retirement Planning Group LLC acquired a new position in shares of Global X U.S. Electrification ETF (NASDAQ:ZAP) in the third quarter, Holdings Channel reports. The firm acquired 17,354 shares of the company’s stock, valued at approximately $528,000.

A number of other hedge funds have also recently made changes to their positions in ZAP. Fifth Third Bancorp bought a new stake in Global X U.S. Electrification ETF during the first quarter valued at about $73,000. Onyx Bridge Wealth Group LLC grew its stake in Global X U.S. Electrification ETF by 10.1% in the third 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 during the last quarter. Carlson Financial Inc. purchased a new position in Global X U.S. Electrification ETF in the second quarter valued at about $341,000. Kestra Private Wealth Services LLC purchased a new position in Global X U.S. Electrification ETF in the first quarter valued at about $330,000. Finally, NWF Advisory Services Inc. bought a new position in Global X U.S. Electrification ETF in the second quarter worth about $372,000.

Global X U.S. Electrification ETF Stock Performance

ZAP stock opened at $31.24 on Thursday. The firm has a market cap of $447.04 million, a price-to-earnings ratio of -312.40 and a beta of 0.55. The firm has a 50-day simple moving average of $31.46 and a two-hundred day simple moving average of $32.79. Global X U.S. Electrification ETF has a one year low of $28.89 and a one year high of $35.39.

Global X U.S. Electrification ETF Cuts Dividend

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