Systelligence LLC Decreases Stake in Global X U.S. Electrification ETF $ZAP

Systelligence LLC reduced its stake in shares of Global X U.S. Electrification ETF (NASDAQ:ZAP) by 28.5% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 75,180 shares of the company’s stock after selling 29,989 shares during the period. Systelligence LLC owned approximately 0.61% of Global X U.S. Electrification ETF worth $2,418,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Bank of America Corp DE purchased a new position in shares of Global X U.S. Electrification ETF in the 2nd quarter valued at about $34,000. Ameriflex Group Inc. purchased a new stake in Global X U.S. Electrification ETF during the fourth quarter worth about $51,000. Osaic Holdings Inc. purchased a new stake in Global X U.S. Electrification ETF during the second quarter worth about $140,000. Raymond James Financial Inc. acquired a new position in Global X U.S. Electrification ETF during the second quarter worth about $205,000. Finally, IFP Advisors Inc grew its position in Global X U.S. Electrification ETF by 21.7% during the third quarter. IFP Advisors Inc now owns 8,718 shares of the company’s stock worth $257,000 after buying an additional 1,554 shares during the period.

Global X U.S. Electrification ETF Price Performance

Shares of NASDAQ:ZAP opened at $34.60 on Friday. Global X U.S. Electrification ETF has a 12 month low of $26.33 and a 12 month high of $35.39. The firm has a market capitalization of $454.99 million, a price-to-earnings ratio of -346.00 and a beta of 0.54. The business’s 50 day simple moving average is $33.74 and its 200-day simple moving average is $32.13.

Global X U.S. Electrification ETF Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 9th. Shareholders of record on Monday, April 6th were given a dividend of $0.1266 per share. This represents a $0.51 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Monday, April 6th. Global X U.S. Electrification ETF’s payout ratio is presently -510.00%.

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.