Global X Millennial Consumer ETF (NASDAQ:MILN) Shares Down 0.1% – Time to Sell?

Global X Millennial Consumer ETF (NASDAQ:MILN)’s stock price was down 0.1% on Tuesday . The company 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 Down 0.1%

The firm has a market capitalization of $112.57 million, a PE ratio of 27.54 and a beta of 1.25. The firm’s 50-day moving average price is $47.01 and its two-hundred day moving average price is $48.26.

Institutional Investors Weigh In On Global X Millennial Consumer ETF

Several institutional investors and hedge funds have recently modified their holdings of MILN. CreativeOne Wealth LLC grew its holdings in Global X Millennial Consumer ETF by 19.6% in the 1st quarter. CreativeOne Wealth LLC now owns 30,173 shares of the company’s stock valued at $1,301,000 after buying an additional 4,949 shares during the last quarter. NewEdge Advisors LLC increased its position in shares of 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 purchasing an additional 471 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of Global X Millennial Consumer ETF during the first quarter worth approximately $493,000. Archford Capital Strategies LLC increased its holdings in 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 valued at $486,000 after purchasing an additional 687 shares in the last quarter. Finally, Moran Wealth Management LLC raised its holdings in shares of Global X Millennial Consumer ETF by 87.5% in the second quarter. Moran Wealth Management LLC now owns 12,179 shares of the company’s stock valued at $594,000 after buying an additional 5,683 shares during the last quarter.

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.