Global X Millennial Consumer ETF (NASDAQ:MILN) Stock Breaks Above Two Hundred Day Moving Average – What’s Next?

Shares of Global X Millennial Consumer ETF (NASDAQ:MILN) crossed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $43.85 and traded as high as $44.87. Global X Millennial Consumer ETF shares last traded at $44.5590, with a volume of 13,248 shares trading hands.

Global X Millennial Consumer ETF Stock Up 5.7%

The stock has a market capitalization of $95.53 million, a price-to-earnings ratio of 22.04 and a beta of 1.21. The firm has a 50-day moving average of $43.93 and a two-hundred day moving average of $43.83.

Institutional Trading of Global X Millennial Consumer ETF

A number of hedge funds have recently made changes to their positions in MILN. Bank of America Corp DE increased its position in Global X Millennial Consumer ETF by 19.0% in the 1st quarter. Bank of America Corp DE now owns 538,010 shares of the company’s stock worth $21,868,000 after purchasing an additional 86,001 shares during the last quarter. Moran Wealth Management LLC raised its stake 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 purchasing an additional 266 shares in the last quarter. Commonwealth Equity Services LLC purchased a new stake in shares of Global X Millennial Consumer ETF during the 3rd quarter worth about $998,000. HBW Advisory Services LLC lifted its holdings in shares of 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 valued at $205,000 after buying an additional 257 shares during the last quarter. Finally, Integrated Wealth Concepts LLC acquired a new stake in shares of Global X Millennial Consumer ETF during the 2nd quarter valued at about $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.