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

Global X Millennial Consumer ETF (NASDAQ:MILN)’s stock price shot up 1.3% during trading on Monday . The stock traded as high as $43.00 and last traded at $41.33. 26,398 shares were traded during mid-day 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 Stock Performance

The stock has a market cap of $92.17 million, a PE ratio of 27.54 and a beta of 1.25. The company’s 50 day simple moving average is $42.61 and its 200 day simple moving average is $45.85.

Institutional Investors Weigh In On Global X Millennial Consumer ETF

Several large investors have recently modified their holdings of the stock. Commonwealth Equity Services LLC increased its stake in shares of Global X Millennial Consumer ETF by 1.6% during the 4th quarter. Commonwealth Equity Services LLC now owns 23,341 shares of the company’s stock worth $1,095,000 after purchasing an additional 357 shares during the last quarter. Archford Capital Strategies LLC increased its stake in shares of Global X Millennial Consumer ETF by 3.4% during the 4th quarter. Archford Capital Strategies LLC now owns 11,336 shares of the company’s stock worth $532,000 after purchasing an additional 373 shares during the last quarter. NewEdge Advisors LLC increased its stake in shares of Global X Millennial Consumer ETF by 62.6% during the 1st quarter. NewEdge Advisors LLC now owns 1,223 shares of the company’s stock worth $53,000 after purchasing an additional 471 shares during the last quarter. Two Sigma Investments LP increased its stake in shares of Global X Millennial Consumer ETF by 15.6% during 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 during the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in shares of Global X Millennial Consumer ETF by 10.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 30,531 shares of the company’s stock worth $1,510,000 after purchasing an additional 2,775 shares during the last quarter.

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.