Global X Millennial Consumer ETF (NASDAQ:MILN) Stock Price Down 2% – Here’s What Happened

Global X Millennial Consumer ETF (NASDAQ:MILN)’s stock price was down 2% during mid-day trading on Monday . The stock traded as low as $42.34 and last traded at $42.41. Approximately 6,642 shares changed hands during mid-day trading, a decline of 46% from the average session volume of 12,300 shares. The stock had previously closed at $43.26.

Global X Millennial Consumer ETF Trading Down 2.0%

The stock has a 50 day simple moving average of $43.44 and a 200-day simple moving average of $44.17. The firm has a market capitalization of $95.00 million, a P/E ratio of 27.54 and a beta of 1.19.

Hedge Funds Weigh In On Global X Millennial Consumer ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. NewEdge Advisors LLC grew its position in Global X Millennial Consumer ETF by 62.6% during the first 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. HBW Advisory Services LLC raised its position in Global X Millennial Consumer ETF by 5.4% in the first 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. Two Sigma Investments LP raised its position in Global X Millennial Consumer ETF by 15.6% in the third quarter. Two Sigma Investments LP now owns 5,200 shares of the company’s stock worth $257,000 after acquiring an additional 700 shares during the period. Sei Investments Co. bought a new position in Global X Millennial Consumer ETF in the second quarter worth approximately $290,000. Finally, Osaic Holdings Inc. boosted its stake 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 last quarter.

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.