Global X Millennial Consumer ETF (NASDAQ:MILN) Trading Down 1.6% – What’s Next?

Shares of Global X Millennial Consumer ETF (NASDAQ:MILN) fell 1.6% on Wednesday . The stock traded as low as $43.77 and last traded at $43.86. 11,493 shares were traded during mid-day trading, an increase of 3% from the average daily volume of 11,114 shares. The stock had previously closed at $44.56.

Global X Millennial Consumer ETF Price Performance

The firm has a fifty day moving average of $45.46 and a two-hundred day moving average of $43.73. The stock has a market capitalization of $97.37 million, a P/E ratio of 27.54 and a beta of 1.18.

Global X Millennial Consumer ETF Dividend Announcement

The business also recently announced a semiannual dividend, which was paid on Thursday, July 2nd. Shareholders of record on Monday, June 29th were given a dividend of $0.0393 per share. This represents a yield of 18.0%. The ex-dividend date of this dividend was Monday, June 29th.

Hedge Funds Weigh In On Global X Millennial Consumer ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. grew its stake in Global X Millennial Consumer ETF by 94,371.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 198,389 shares of the company’s stock worth $9,309,000 after buying an additional 198,179 shares during the last quarter. Bank of America Corp DE boosted its holdings in 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 acquiring an additional 86,001 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Global X Millennial Consumer ETF in the second quarter worth about $2,061,000. Jane Street Group LLC purchased a new stake in shares of Global X Millennial Consumer ETF during the first quarter worth about $493,000. Finally, Susquehanna International Group LLP purchased a new stake in shares of Global X Millennial Consumer ETF during the third quarter worth about $458,000.

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.