Global X Millennial Consumer ETF (NASDAQ:MILN) Shares Down 1.7% – What’s Next?

Global X Millennial Consumer ETF (NASDAQ:MILN)’s stock price traded down 1.7% during trading on Tuesday . The stock traded as low as $46.22 and last traded at $46.30. 18,281 shares were traded during trading, an increase of 66% from the average session volume of 10,982 shares. The stock had previously closed at $47.11.

Global X Millennial Consumer ETF Stock Performance

The firm has a market cap of $110.66 million, a P/E ratio of 27.54 and a beta of 1.25. The firm has a fifty day moving average of $46.85 and a 200-day moving average of $48.24.

Global X Millennial Consumer ETF Dividend Announcement

The business also recently announced a dividend, which was paid on Wednesday, January 7th. Shareholders of record on Tuesday, December 30th were paid a $0.0993 dividend. This represents a yield of 42.0%. The ex-dividend date was Tuesday, December 30th.

Hedge Funds Weigh In On Global X Millennial Consumer ETF

Several institutional investors have recently modified their holdings of the company. NewEdge Advisors LLC increased its holdings in shares of Global X Millennial Consumer ETF by 62.6% in the 1st quarter. NewEdge Advisors LLC now owns 1,223 shares of the company’s stock worth $53,000 after acquiring an additional 471 shares during the period. GPS Wealth Strategies Group LLC grew its position in Global X Millennial Consumer ETF by 22.2% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 2,364 shares of the company’s stock worth $115,000 after purchasing an additional 430 shares during the last quarter. Eagle Capital Management LLC bought a new position in Global X Millennial Consumer ETF in the 3rd quarter worth about $209,000. Two Sigma Investments LP increased its stake in shares of Global X Millennial Consumer ETF by 15.6% in the third quarter. Two Sigma Investments LP now owns 5,200 shares of the company’s stock valued at $257,000 after purchasing an additional 700 shares during the period. Finally, Sei Investments Co. bought a new stake in shares of Global X Millennial Consumer ETF during the second quarter valued at approximately $290,000.

Global X Millennial Consumer ETF Company Profile

The Global X Millennials Consumer ETF (MILN) is an exchange-traded fund that is based on the Indxx Millennials Thematic index. The fund tracks an index composed of US-listed companies that derive a significant source of their revenue from spending categories determined to be associated with millennials – people born between 1980 and 2000. MILN was launched on May 4, 2016 and is managed by Global X.