Global X Millennial Consumer ETF (NASDAQ:MILN) Trading Up 1.3% – What’s Next?

Global X Millennial Consumer ETF (NASDAQ:MILN) shares shot up 1.3% during mid-day trading on Monday . The company traded as high as $43.00 and last traded at $41.33. 26,398 shares traded hands during trading, an increase of 88% from the average session volume of 14,025 shares. The stock had previously closed at $40.78.

Global X Millennial Consumer ETF Price Performance

The company’s fifty day moving average price is $42.40 and its 200 day moving average price is $45.76. The company has a market cap of $94.11 million, a PE ratio of 27.54 and a beta of 1.24.

Hedge Funds Weigh In On Global X Millennial Consumer ETF

Several hedge funds have recently modified their holdings of the company. Bank of America Corp DE grew its holdings in shares of Global X Millennial Consumer ETF by 4.2% in the third quarter. Bank of America Corp DE now owns 405,164 shares of the company’s stock valued at $20,041,000 after acquiring an additional 16,275 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in Global X Millennial Consumer ETF by 94,371.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 198,389 shares of the company’s stock worth $9,309,000 after acquiring an additional 198,179 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Global X Millennial Consumer ETF in the second quarter worth $2,061,000. Moran Wealth Management LLC boosted its position in Global X Millennial Consumer ETF by 63.3% in the fourth quarter. Moran Wealth Management LLC now owns 36,603 shares of the company’s stock worth $1,718,000 after purchasing an additional 14,186 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in Global X Millennial Consumer ETF by 10.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 30,531 shares of the company’s stock valued at $1,510,000 after purchasing an additional 2,775 shares during the period.

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.