Global X Millennial Consumer ETF (NASDAQ:MILN) Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. raised its stake in Global X Millennial Consumer ETF (NASDAQ:MILN) by 42.2% during the 1st quarter, HoldingsChannel reports. The firm owned 26,034 shares of the company’s stock after acquiring an additional 7,730 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Global X Millennial Consumer ETF were worth $1,122,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Raymond James Financial Inc. purchased a new stake in shares of Global X Millennial Consumer ETF during the 4th quarter valued at about $305,000. LPL Financial LLC grew its position in Global X Millennial Consumer ETF by 5.4% in the fourth quarter. LPL Financial LLC now owns 72,298 shares of the company’s stock valued at $3,251,000 after acquiring an additional 3,735 shares in the last quarter. Moran Wealth Management LLC acquired a new stake in Global X Millennial Consumer ETF in the first quarter valued at approximately $280,000. Finally, GPS Wealth Strategies Group LLC lifted its position in shares of Global X Millennial Consumer ETF by 251.6% during the first quarter. GPS Wealth Strategies Group LLC now owns 1,934 shares of the company’s stock worth $83,000 after purchasing an additional 1,384 shares in the last quarter.

Global X Millennial Consumer ETF Trading Down 1.8%

Shares of MILN stock opened at $47.47 on Friday. The firm has a fifty day simple moving average of $47.96 and a 200-day simple moving average of $45.92. The company has a market capitalization of $122.47 million, a PE ratio of 27.54 and a beta of 1.21. Global X Millennial Consumer ETF has a twelve month low of $35.03 and a twelve month high of $49.77.

Global X Millennial Consumer ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Monday, July 7th. Stockholders of record on Friday, June 27th were paid a dividend of $0.0181 per share. The ex-dividend date was Friday, June 27th.

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.