Global X Millennial Consumer ETF (NASDAQ:MILN) Trading Down 0.1% – What’s Next?

Global X Millennial Consumer ETF (NASDAQ:MILN)’s stock price dropped 0.1% during mid-day trading on Tuesday . The stock traded as low as $46.93 and last traded at $47.10. Approximately 4,057 shares were traded during trading, a decline of 51% from the average daily volume of 8,203 shares. The stock had previously closed at $47.15.

Global X Millennial Consumer ETF Stock Performance

The stock has a 50-day simple moving average of $47.01 and a 200 day simple moving average of $48.26. The stock has a market capitalization of $112.57 million, a P/E ratio of 27.54 and a beta of 1.25.

Institutional Trading of Global X Millennial Consumer ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GPS Wealth Strategies Group LLC raised its holdings in Global X Millennial Consumer ETF by 22.2% during 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. NewEdge Advisors LLC boosted its stake 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 valued at $53,000 after purchasing an additional 471 shares during the last quarter. Archford Capital Strategies LLC grew its position in shares of Global X Millennial Consumer ETF by 7.4% during the 2nd quarter. Archford Capital Strategies LLC now owns 9,968 shares of the company’s stock worth $486,000 after buying an additional 687 shares during the period. Two Sigma Investments LP raised its stake in shares of Global X Millennial Consumer ETF by 15.6% during the third quarter. Two Sigma Investments LP now owns 5,200 shares of the company’s stock worth $257,000 after buying an additional 700 shares during the last quarter. Finally, Cetera Investment Advisers lifted its holdings in Global X Millennial Consumer ETF by 5.5% in the second quarter. Cetera Investment Advisers now owns 30,162 shares of the company’s stock valued at $1,472,000 after buying an additional 1,562 shares during the period.

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.