Global X Millennial Consumer ETF (NASDAQ:MILN) to Issue $0.10 Dividend

Global X Millennial Consumer ETF (NASDAQ:MILN) announced a dividend on Monday, December 29th. Shareholders of record on Tuesday, December 30th will be paid a dividend of 0.0993 per share on Wednesday, January 7th. This represents a yield of 42.0%. The ex-dividend date of this dividend is Tuesday, December 30th.

Global X Millennial Consumer ETF Price Performance

NASDAQ:MILN opened at $47.40 on Tuesday. The firm has a market capitalization of $113.28 million, a price-to-earnings ratio of 27.54 and a beta of 1.25. Global X Millennial Consumer ETF has a 1 year low of $36.87 and a 1 year high of $50.86. The business has a 50 day simple moving average of $46.93 and a 200-day simple moving average of $48.26.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. GPS Wealth Strategies Group LLC lifted its holdings in shares of 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 acquiring an additional 430 shares during the last quarter. NewEdge Advisors LLC raised its position in 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 purchasing an additional 471 shares during the period. Archford Capital Strategies LLC lifted its stake 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 worth $486,000 after purchasing an additional 687 shares during the last quarter. Two Sigma Investments LP lifted 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 worth $257,000 after purchasing an additional 700 shares during the last quarter. Finally, Cetera Investment Advisers boosted its position in shares of Global X Millennial Consumer ETF by 5.5% during 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.

About Global X Millennial Consumer ETF

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.