Global X Millennial Consumer ETF (NASDAQ:MILN) Trading Up 1.3% – Here’s Why

Shares of Global X Millennial Consumer ETF (NASDAQ:MILN) were up 1.3% during trading on Wednesday . The stock traded as high as $43.08 and last traded at $43.04. Approximately 9,428 shares were traded during trading, a decline of 26% from the average daily volume of 12,782 shares. The stock had previously closed at $42.49.

Global X Millennial Consumer ETF Stock Performance

The firm’s fifty day moving average is $42.61 and its 200 day moving average is $44.64. The firm has a market cap of $96.63 million, a P/E ratio of 27.54 and a beta of 1.21.

Institutional Investors Weigh In On Global X Millennial Consumer ETF

A number of institutional investors have recently modified their holdings of the business. Bank of America Corp DE boosted its position 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 valued at $21,868,000 after acquiring an additional 86,001 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in shares of Global X Millennial Consumer ETF by 94,371.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 198,389 shares of the company’s stock valued at $9,309,000 after acquiring an additional 198,179 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Global X Millennial Consumer ETF during the second quarter worth about $2,061,000. Moran Wealth Management LLC lifted its position in Global X Millennial Consumer ETF by 0.7% during the first quarter. Moran Wealth Management LLC now owns 36,869 shares of the company’s stock worth $1,499,000 after purchasing an additional 266 shares during the period. Finally, Envestnet Asset Management Inc. grew its stake in Global X Millennial Consumer ETF by 10.0% during the third quarter. Envestnet Asset Management Inc. now owns 30,531 shares of the company’s stock worth $1,510,000 after buying an additional 2,775 shares in 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.