156,150 Shares of Global X U.S. Electrification ETF $ZAP Acquired by Sterling Manor Financial LLC

Sterling Manor Financial LLC purchased a new position in shares of Global X U.S. Electrification ETF (NASDAQ:ZAP) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 156,150 shares of the company’s stock, valued at approximately $4,755,000. Global X U.S. Electrification ETF comprises about 2.7% of Sterling Manor Financial LLC’s portfolio, making the stock its 16th biggest position. Sterling Manor Financial LLC owned about 1.09% of Global X U.S. Electrification ETF at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of ZAP. Midwest Financial Partners Investments Inc. lifted its stake in shares of Global X U.S. Electrification ETF by 0.6% in the 3rd quarter. Midwest Financial Partners Investments Inc. now owns 58,082 shares of the company’s stock valued at $1,769,000 after purchasing an additional 327 shares in the last quarter. Onyx Bridge Wealth Group LLC increased its position in Global X U.S. Electrification ETF by 10.1% during the 3rd quarter. Onyx Bridge Wealth Group LLC now owns 7,449 shares of the company’s stock worth $227,000 after purchasing an additional 682 shares in the last quarter. Prime Capital Investment Advisors LLC raised its holdings in Global X U.S. Electrification ETF by 10.1% in the third quarter. Prime Capital Investment Advisors LLC now owns 8,200 shares of the company’s stock valued at $250,000 after buying an additional 749 shares during the period. Trilogy Capital Inc. raised its holdings in Global X U.S. Electrification ETF by 11.4% in the second quarter. Trilogy Capital Inc. now owns 21,221 shares of the company’s stock valued at $734,000 after buying an additional 2,171 shares during the period. Finally, Fifth Third Bancorp purchased a new position in Global X U.S. Electrification ETF in the first quarter valued at approximately $73,000.

Global X U.S. Electrification ETF Price Performance

ZAP stock traded up $0.38 during midday trading on Wednesday, reaching $31.32. 61,610 shares of the company’s stock traded hands, compared to its average volume of 124,868. The company has a market capitalization of $448.26 million, a P/E ratio of -313.25 and a beta of 0.55. Global X U.S. Electrification ETF has a fifty-two week low of $28.89 and a fifty-two week high of $35.39. The business has a 50-day moving average price of $31.49 and a two-hundred day moving average price of $32.80.

Global X U.S. Electrification ETF Cuts Dividend

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