Global X Millennial Consumer ETF (NASDAQ:MILN) Stock Price Up 1.3% – Here’s What Happened

Global X Millennial Consumer ETF (NASDAQ:MILN)’s share price rose 1.3% during trading on Wednesday . The stock traded as high as $43.08 and last traded at $43.04. Approximately 9,428 shares were traded during trading, a decline of 26% from the average daily volume of 12,782 shares. The stock had previously closed at $42.49.

Global X Millennial Consumer ETF Trading Up 1.3%

The firm’s fifty day moving average price is $42.59 and its 200 day moving average price is $44.68. The firm has a market capitalization of $96.41 million, a PE ratio of 27.54 and a beta of 1.21.

Hedge Funds Weigh In On Global X Millennial Consumer ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. boosted its holdings in Global X Millennial Consumer ETF by 94,371.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 198,389 shares of the company’s stock worth $9,309,000 after purchasing an additional 198,179 shares in the last quarter. Bank of America Corp DE boosted its holdings in Global X Millennial Consumer ETF by 19.0% in the first 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Global X Millennial Consumer ETF in the second quarter worth $2,061,000. Moran Wealth Management LLC boosted its holdings in Global X Millennial Consumer ETF by 63.3% in the fourth quarter. Moran Wealth Management LLC now owns 36,603 shares of the company’s stock worth $1,718,000 after purchasing an additional 14,186 shares in the last quarter. Finally, Jane Street Group LLC bought a new stake in Global X Millennial Consumer ETF in the first quarter worth $493,000.

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.