Global X Millennial Consumer ETF (NASDAQ:MILN) Shares Up 1.3% – Here’s Why

Global X Millennial Consumer ETF (NASDAQ:MILN) shares shot up 1.3% on Monday . The company traded as high as $43.00 and last traded at $41.33. 26,398 shares traded hands during mid-day trading, an increase of 88% from the average session volume of 14,025 shares. The stock had previously closed at $40.78.

Global X Millennial Consumer ETF Stock Performance

The company has a market cap of $92.17 million, a price-to-earnings ratio of 27.54 and a beta of 1.25. The stock’s fifty day moving average is $42.61 and its two-hundred day moving average is $45.85.

Institutional Investors Weigh In On Global X Millennial Consumer ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Bank of America Corp DE raised its holdings in shares of Global X Millennial Consumer ETF by 4.2% in the 3rd quarter. Bank of America Corp DE now owns 405,164 shares of the company’s stock worth $20,041,000 after acquiring an additional 16,275 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Global X Millennial Consumer ETF by 94,371.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 198,389 shares of the company’s stock worth $9,309,000 after acquiring an additional 198,179 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Global X Millennial Consumer ETF in the 2nd quarter worth about $2,061,000. Moran Wealth Management LLC increased its stake in Global X Millennial Consumer ETF by 63.3% in the 4th quarter. Moran Wealth Management LLC now owns 36,603 shares of the company’s stock valued at $1,718,000 after buying an additional 14,186 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in Global X Millennial Consumer ETF by 10.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 30,531 shares of the company’s stock valued at $1,510,000 after buying an additional 2,775 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.