Global X U.S. Electrification ETF $ZAP Shares Newly Acquired by Sterling Manor Financial LLC

Sterling Manor Financial LLC acquired a new position in shares of Global X U.S. Electrification ETF (NASDAQ:ZAP) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 156,150 shares of the company’s stock, valued at approximately $4,755,000. Global X U.S. Electrification ETF makes up about 2.7% of Sterling Manor Financial LLC’s investment portfolio, making the stock its 16th biggest position.

Other institutional investors and hedge funds also recently modified their holdings of the company. Bank of America Corp DE grew its stake in shares of Global X U.S. Electrification ETF by 34.2% in the first 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 in the last quarter. 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. lifted its position in 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. Cetera Investment Advisers boosted its holdings in Global X U.S. Electrification ETF by 409.2% in 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 during the period. Finally, Citadel Advisors LLC boosted its holdings in Global X U.S. Electrification ETF by 5.1% in the 2nd quarter. Citadel Advisors LLC now owns 60,889 shares of the company’s stock worth $2,107,000 after acquiring an additional 2,938 shares during the period.

Global X U.S. Electrification ETF Trading Up 1.2%

NASDAQ:ZAP traded up $0.38 during trading hours on Wednesday, hitting $31.32. The stock had a trading volume of 61,610 shares, compared to its average volume of 124,868. Global X U.S. Electrification ETF has a 1-year low of $28.89 and a 1-year high of $35.39. The business has a 50 day simple moving average of $31.49 and a two-hundred day simple moving average of $32.80. The company has a market cap of $448.26 million, a PE ratio of -313.25 and a beta of 0.55.

Global X U.S. Electrification ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Stockholders of record on Monday, October 5th were given a dividend of $0.15 per share. 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. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.9%. Global X U.S. Electrification ETF’s dividend payout ratio is presently -590.00%.

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.