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

Systelligence LLC lessened its stake in shares of Global X U.S. Electrification ETF (NASDAQ:ZAP) by 28.5% during the first quarter, HoldingsChannel reports. The firm owned 75,180 shares of the company’s stock after selling 29,989 shares during the period. Systelligence LLC’s holdings in Global X U.S. Electrification ETF were worth $2,418,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of ZAP. Kestra Private Wealth Services LLC acquired a new stake in shares of Global X U.S. Electrification ETF in the first quarter valued at about $330,000. RFG Advisory LLC acquired a new position in Global X U.S. Electrification ETF during the 1st quarter worth approximately $700,000. Ameriflex Group Inc. acquired a new position in Global X U.S. Electrification ETF during the 4th quarter worth approximately $51,000. Cetera Investment Advisers purchased a new position in Global X U.S. Electrification ETF in the 4th quarter worth approximately $503,000. Finally, Osaic Holdings Inc. boosted its holdings in Global X U.S. Electrification ETF by 50.4% in the 4th quarter. Osaic Holdings Inc. now owns 19,847 shares of the company’s stock worth $577,000 after acquiring an additional 6,652 shares during the period.

Global X U.S. Electrification ETF Stock Down 1.1%

Shares of NASDAQ:ZAP opened at $34.60 on Friday. The company has a market capitalization of $454.99 million, a price-to-earnings ratio of -346.00 and a beta of 0.54. The company has a 50 day moving average of $33.74 and a two-hundred day moving average of $32.13. Global X U.S. Electrification ETF has a 52-week low of $26.33 and a 52-week high of $35.39.

Global X U.S. Electrification ETF Dividend Announcement

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

About Global X U.S. Electrification ETF

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.