Global X Millennial Consumer ETF (NASDAQ:MILN) Shares Down 1.6% – Here’s What Happened

Global X Millennial Consumer ETF (NASDAQ:MILN)’s share price traded down 1.6% on Wednesday . The company traded as low as $43.77 and last traded at $43.86. 11,493 shares changed hands during mid-day trading, an increase of 3% from the average session volume of 11,114 shares. The stock had previously closed at $44.56.

Global X Millennial Consumer ETF Trading Down 1.6%

The firm’s 50-day moving average price is $45.46 and its 200-day moving average price is $43.73. The stock has a market capitalization of $97.37 million, a PE ratio of 27.54 and a beta of 1.18.

Global X Millennial Consumer ETF Dividend Announcement

The business also recently disclosed 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. The ex-dividend date was Monday, June 29th. This represents a yield of 18.0%.

Institutional Investors Weigh In On Global X Millennial Consumer ETF

Institutional investors have recently modified their holdings of the stock. NewEdge Advisors LLC raised its holdings in 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 valued at $53,000 after buying an additional 471 shares during the period. Integrated Wealth Concepts LLC bought a new position in Global X Millennial Consumer ETF during the second quarter valued at $173,000. HBW Advisory Services LLC increased its position in Global X Millennial Consumer ETF by 5.4% during the first quarter. HBW Advisory Services LLC now owns 5,048 shares of the company’s stock valued at $205,000 after acquiring an additional 257 shares during the last quarter. Two Sigma Investments LP increased its position in Global X Millennial Consumer ETF by 15.6% during the third quarter. Two Sigma Investments LP now owns 5,200 shares of the company’s stock valued at $257,000 after acquiring an additional 700 shares during the last quarter. Finally, Sei Investments Co. purchased a new stake in shares of Global X Millennial Consumer ETF in the second quarter valued at $290,000.

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.