Global X Millennial Consumer ETF (NASDAQ:MILN) Shares Down 1.7% – Time to Sell?

Global X Millennial Consumer ETF (NASDAQ:MILN)’s share price dropped 1.7% on Tuesday . The stock traded as low as $46.22 and last traded at $46.30. Approximately 18,281 shares traded hands during mid-day trading, an increase of 66% from the average daily volume of 10,982 shares. The stock had previously closed at $47.11.

Global X Millennial Consumer ETF Stock Performance

The company has a market cap of $110.66 million, a P/E ratio of 27.54 and a beta of 1.25. The business has a fifty day simple moving average of $46.85 and a 200 day simple moving average of $48.24.

Global X Millennial Consumer ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, January 7th. Investors of record on Tuesday, December 30th were paid a dividend of $0.0993 per share. The ex-dividend date was Tuesday, December 30th. This represents a yield of 42.0%.

Institutional Trading of Global X Millennial Consumer ETF

Several institutional investors have recently added to or reduced their stakes in the business. NewEdge Advisors LLC lifted its position 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 worth $53,000 after buying an additional 471 shares during the last quarter. GPS Wealth Strategies Group LLC raised its stake 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 acquiring an additional 430 shares during the period. Eagle Capital Management LLC bought a new position in Global X Millennial Consumer ETF in the third quarter worth about $209,000. Two Sigma Investments LP lifted its holdings 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 acquiring an additional 700 shares during the last quarter. Finally, Sei Investments Co. bought a new position in Global X Millennial Consumer ETF in the second quarter worth about $290,000.

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.