Bensler LLC Takes $28.69 Million Position in Global X U.S. Electrification ETF $ZAP

Bensler LLC purchased a new position in Global X U.S. Electrification ETF (NASDAQ:ZAP) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 971,866 shares of the company’s stock, valued at approximately $28,689,000. Global X U.S. Electrification ETF accounts for about 3.0% of Bensler LLC’s portfolio, making the stock its 6th biggest position. Bensler LLC owned about 12.38% of Global X U.S. Electrification ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in ZAP. Glass Jacobson Investment Advisors llc raised its holdings in Global X U.S. Electrification ETF by 277.4% in the 3rd quarter. Glass Jacobson Investment Advisors llc now owns 1,034 shares of the company’s stock worth $31,000 after purchasing an additional 760 shares in the last quarter. Bank of America Corp DE purchased a new position in shares of Global X U.S. Electrification ETF during the second quarter valued at about $34,000. Osaic Holdings Inc. bought a new position in Global X U.S. Electrification ETF in the second quarter worth about $140,000. Blair William & Co. IL purchased a new stake in Global X U.S. Electrification ETF in the second quarter worth about $153,000. Finally, IFP Advisors Inc bought a new stake in Global X U.S. Electrification ETF during the 2nd quarter valued at approximately $193,000.

Global X U.S. Electrification ETF Stock Performance

Shares of NASDAQ:ZAP opened at $30.53 on Tuesday. Global X U.S. Electrification ETF has a 52-week low of $22.16 and a 52-week high of $31.52. The firm has a market capitalization of $292.48 million, a P/E ratio of -305.30 and a beta of 1.40. The stock has a 50 day moving average price of $29.74 and a 200-day moving average price of $29.25.

Global X U.S. Electrification ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 7th. Shareholders of record on Tuesday, December 30th were issued a $0.1484 dividend. This represents a $0.59 dividend on an annualized basis and a yield of 1.9%. This is a positive change from Global X U.S. Electrification ETF’s previous quarterly dividend of $0.10. The ex-dividend date was Tuesday, December 30th. Global X U.S. Electrification ETF’s dividend payout ratio is currently -520.00%.

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.