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

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

Global X Millennial Consumer ETF Trading Up 0.6%

The stock has a fifty day simple moving average of $46.99 and a 200-day simple moving average of $48.25. The company has a market capitalization of $113.21 million, a PE ratio of 27.54 and a beta of 1.25.

Hedge Funds Weigh In On Global X Millennial Consumer ETF

Several hedge funds have recently added to or reduced their stakes in MILN. GPS Wealth Strategies Group LLC raised its holdings in Global X Millennial Consumer ETF by 22.2% during the second 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 in the last quarter. NewEdge Advisors LLC raised its stake in Global X Millennial Consumer ETF by 62.6% during 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 in the last quarter. Archford Capital Strategies LLC lifted its position in Global X Millennial Consumer ETF by 7.4% in the second quarter. Archford Capital Strategies LLC now owns 9,968 shares of the company’s stock valued at $486,000 after acquiring an additional 687 shares during the last quarter. Two Sigma Investments LP boosted its stake in 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 acquiring an additional 700 shares in the last quarter. Finally, Cetera Investment Advisers boosted its stake 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 acquiring an additional 1,562 shares in the last quarter.

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.