Global X Millennial Consumer ETF (NASDAQ:MILN) Trading Down 2% – Here’s Why

Global X Millennial Consumer ETF (NASDAQ:MILN) traded down 2% during trading on Monday . The stock traded as low as $42.34 and last traded at $42.41. 6,642 shares changed hands during mid-day trading, a decline of 46% from the average session volume of 12,300 shares. The stock had previously closed at $43.26.

Global X Millennial Consumer ETF Trading Up 1.8%

The business has a fifty day simple moving average of $43.44 and a two-hundred day simple moving average of $44.14. The company has a market cap of $96.92 million, a PE ratio of 27.54 and a beta of 1.19.

Hedge Funds Weigh In On Global X Millennial Consumer ETF

Several hedge funds and other institutional investors have recently modified their holdings of the business. NewEdge Advisors LLC boosted its position in Global X Millennial Consumer ETF by 62.6% during the first quarter. NewEdge Advisors LLC now owns 1,223 shares of the company’s stock worth $53,000 after acquiring an additional 471 shares during the last quarter. HBW Advisory Services LLC raised its holdings in Global X Millennial Consumer ETF by 5.4% in the 1st quarter. HBW Advisory Services LLC now owns 5,048 shares of the company’s stock valued at $205,000 after acquiring an additional 257 shares during the last quarter. Two Sigma Investments LP lifted its stake in Global X Millennial Consumer ETF by 15.6% in the 3rd quarter. Two Sigma Investments LP now owns 5,200 shares of the company’s stock worth $257,000 after purchasing an additional 700 shares in the last quarter. Sei Investments Co. purchased a new position in Global X Millennial Consumer ETF in the 2nd quarter worth approximately $290,000. Finally, Osaic Holdings Inc. boosted its holdings in shares of Global X Millennial Consumer ETF by 153.2% during the 4th quarter. Osaic Holdings Inc. now owns 6,933 shares of the company’s stock worth $325,000 after purchasing an additional 4,195 shares during 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.