Global X Millennial Consumer ETF (NASDAQ:MILN) Stock Falls 0.3% – Here’s Why

Global X Millennial Consumer ETF (NASDAQ:MILN)’s share price dropped 0.3% during mid-day trading on Wednesday. The stock traded as low as $42.32 and last traded at $42.32. 7,037 shares were traded during mid-day trading, a decline of 34% from the average session volume of 10,607 shares. The stock had previously closed at $42.45.

Global X Millennial Consumer ETF Stock Up 0.2%

The stock’s fifty day moving average price is $45.03 and its 200 day moving average price is $43.79. The stock has a market cap of $87.46 million, a PE ratio of 27.54 and a beta of 1.18.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Bank of America Corp DE lifted its position in Global X Millennial Consumer ETF by 19.0% during the first quarter. Bank of America Corp DE now owns 538,010 shares of the company’s stock valued at $21,868,000 after purchasing an additional 86,001 shares in the last quarter. Moran Wealth Management LLC increased its holdings in Global X Millennial Consumer ETF by 0.7% in the 1st quarter. Moran Wealth Management LLC now owns 36,869 shares of the company’s stock worth $1,499,000 after acquiring an additional 266 shares in the last quarter. HBW Advisory Services LLC raised its stake in Global X Millennial Consumer ETF by 5.4% during the 1st quarter. HBW Advisory Services LLC now owns 5,048 shares of the company’s stock worth $205,000 after acquiring an additional 257 shares during the period. Finally, Integrated Wealth Concepts LLC bought a new stake in Global X Millennial Consumer ETF during the 2nd quarter worth approximately $173,000.

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.