Global X Millennial Consumer ETF (NASDAQ:MILN) Stock Price Down 2.1% – Time to Sell?

Global X Millennial Consumer ETF (NASDAQ:MILN)’s share price dropped 2.1% on Thursday . The company traded as low as $42.71 and last traded at $42.82. Approximately 9,827 shares changed hands during trading, a decline of 13% from the average daily volume of 11,320 shares. The stock had previously closed at $43.72.

Global X Millennial Consumer ETF Stock Performance

The firm has a market cap of $95.06 million, a P/E ratio of 27.54 and a beta of 1.19. The business’s 50-day simple moving average is $43.50 and its 200 day simple moving average is $43.70.

Global X Millennial Consumer ETF Announces Dividend

The company also recently announced a dividend, which was paid on Thursday, July 2nd. Shareholders of record on Monday, June 29th were issued a $0.0393 dividend. The ex-dividend date of this dividend was Monday, June 29th.

Institutional Investors Weigh In On Global X Millennial Consumer ETF

Large investors have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. raised its holdings in Global X Millennial Consumer ETF by 94,371.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 198,389 shares of the company’s stock worth $9,309,000 after purchasing an additional 198,179 shares during the period. Bank of America Corp DE raised its stake in shares of Global X Millennial Consumer ETF by 19.0% in the first quarter. Bank of America Corp DE now owns 538,010 shares of the company’s stock worth $21,868,000 after buying an additional 86,001 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Global X Millennial Consumer ETF in the second quarter worth about $2,061,000. Moran Wealth Management LLC lifted its position in shares of Global X Millennial Consumer ETF by 63.3% during the 4th quarter. Moran Wealth Management LLC now owns 36,603 shares of the company’s stock valued at $1,718,000 after buying an additional 14,186 shares in the last quarter. Finally, Jane Street Group LLC bought a new position in shares of Global X Millennial Consumer ETF during the 1st quarter valued at approximately $493,000.

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.