Global X Millennial Consumer ETF (NASDAQ:MILN) Shares Down 0.3% – What’s Next?

Global X Millennial Consumer ETF (NASDAQ:MILN – Get Free Report)’s share price fell 0.3% on Wednesday. The stock traded as low as $42.32 and last traded at $42.32. 7,037 shares changed hands during mid-day trading, a decline of 34% from the average session volume of 10,607 shares. The stock had previously closed at $42.45.

Global X Millennial Consumer ETF Trading Down 0.3%

The company has a market cap of $87.60 million, a price-to-earnings ratio of 27.54 and a beta of 1.18. The business has a fifty day moving average of $45.04 and a two-hundred day moving average of $43.78.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Bank of America Corp DE increased its holdings in Global X Millennial Consumer ETF by 19.0% in the 1st quarter. Bank of America Corp DE now owns 538,010 shares of the company’s stock worth $21,868,000 after acquiring an additional 86,001 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new position in Global X Millennial Consumer ETF during the second quarter valued at $173,000. HBW Advisory Services LLC lifted its holdings in Global X Millennial Consumer ETF by 5.4% during the first quarter. HBW Advisory Services LLC now owns 5,048 shares of the company’s stock valued at $205,000 after purchasing an additional 257 shares in the last quarter. Finally, Moran Wealth Management LLC grew its position in shares of Global X Millennial Consumer ETF by 0.7% in the first quarter. Moran Wealth Management LLC now owns 36,869 shares of the company’s stock valued at $1,499,000 after purchasing an additional 266 shares during the period.

Global X Millennial Consumer ETF Company Profile

(Get Free Report)

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.

Further Reading

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