Global X Millennial Consumer ETF (NASDAQ:MILN) Shares Down 2.1% – Time to Sell?

Global X Millennial Consumer ETF (NASDAQ:MILN) dropped 2.1% during mid-day trading on Thursday . The stock traded as low as $42.71 and last traded at $42.82. Approximately 9,827 shares were traded during mid-day trading, a decline of 13% from the average session volume of 11,320 shares. The stock had previously closed at $43.72.

Global X Millennial Consumer ETF Stock Up 1.2%

The stock’s fifty day simple moving average is $43.52 and its 200-day simple moving average is $43.70. The company has a market capitalization of $96.21 million, a PE ratio of 27.54 and a beta of 1.19.

Global X Millennial Consumer ETF Dividend Announcement

The company also recently declared a dividend, which was paid on Thursday, July 2nd. Investors of record on Monday, June 29th were issued a $0.0393 dividend. The ex-dividend date was Monday, June 29th.

Hedge Funds Weigh In On Global X Millennial Consumer ETF

Several hedge funds have recently bought and sold shares of the company. Moran Wealth Management LLC raised its stake in shares of Global X Millennial Consumer ETF by 63.3% during the 4th quarter. Moran Wealth Management LLC now owns 36,603 shares of the company’s stock worth $1,718,000 after buying an additional 14,186 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Global X Millennial Consumer ETF by 94,371.0% in 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 in the last quarter. Archford Capital Strategies LLC grew its stake in Global X Millennial Consumer ETF by 3.4% in the 4th quarter. Archford Capital Strategies LLC now owns 11,336 shares of the company’s stock valued at $532,000 after acquiring an additional 373 shares during the last quarter. Osaic Holdings Inc. grew its stake in Global X Millennial Consumer ETF by 153.2% in the 4th quarter. Osaic Holdings Inc. now owns 6,933 shares of the company’s stock valued at $325,000 after acquiring an additional 4,195 shares during the last quarter. Finally, Susquehanna International Group LLP purchased a new position in Global X Millennial Consumer ETF during the 3rd quarter valued at 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.