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

Global X Millennial Consumer ETF (NASDAQ:MILN) shares fell 2.1% on Monday . The company traded as low as $45.74 and last traded at $45.79. 5,838 shares traded hands during trading, a decline of 46% from the average daily volume of 10,810 shares. The stock had previously closed at $46.76.

Global X Millennial Consumer ETF Stock Performance

The company has a market cap of $102.08 million, a PE ratio of 27.54 and a beta of 1.18. The firm’s 50 day moving average is $44.50 and its 200-day moving average is $43.48.

Global X Millennial Consumer ETF Dividend Announcement

The business also recently announced a dividend, which was paid on Thursday, July 2nd. Stockholders of record on Monday, June 29th were issued a dividend of $0.0393 per share. The ex-dividend date was Monday, June 29th.

Institutional Investors Weigh In On Global X Millennial Consumer ETF

Large investors have recently made changes to their positions in the stock. 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 worth $21,868,000 after buying an additional 86,001 shares in the last quarter. HBW Advisory Services LLC increased its stake in shares of Global X Millennial Consumer ETF by 5.4% in 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 last quarter. Moran Wealth Management LLC raised its holdings in shares of Global X Millennial Consumer ETF by 0.7% during 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 during the period. Osaic Holdings Inc. raised its holdings in shares of Global X Millennial Consumer ETF by 153.2% during the 4th quarter. Osaic Holdings Inc. now owns 6,933 shares of the company’s stock worth $325,000 after acquiring an additional 4,195 shares during the period. Finally, Commonwealth Equity Services LLC boosted its position 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 valued at $1,095,000 after acquiring an additional 357 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.