Global X Millennial Consumer ETF (NASDAQ:MILN) Shares Down 1.6% – Should You Sell?

Global X Millennial Consumer ETF (NASDAQ:MILN)’s share price dropped 1.6% during mid-day trading on Wednesday . The company traded as low as $43.77 and last traded at $43.86. 11,493 shares were traded during trading, an increase of 3% from the average session volume of 11,114 shares. The stock had previously closed at $44.56.

Global X Millennial Consumer ETF Trading Up 0.9%

The company’s 50-day moving average is $45.44 and its 200-day moving average is $43.73. The firm has a market cap of $97.99 million, a price-to-earnings ratio of 27.54 and a beta of 1.18.

Global X Millennial Consumer ETF Dividend Announcement

The company also recently announced a semiannual dividend, which was paid on Thursday, July 2nd. Shareholders of record on Monday, June 29th were issued a $0.0393 dividend. This represents a yield of 18.0%. The ex-dividend date of this dividend was Monday, June 29th.

Hedge Funds Weigh In On Global X Millennial Consumer ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE lifted its position in shares of Global X Millennial Consumer ETF by 19.0% during the 1st quarter. Bank of America Corp DE now owns 538,010 shares of the company’s stock valued at $21,868,000 after acquiring an additional 86,001 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake 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 valued at $9,309,000 after purchasing an additional 198,179 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Global X Millennial Consumer ETF during the second quarter valued at about $2,061,000. Moran Wealth Management LLC raised its holdings in shares of Global X Millennial Consumer ETF by 0.7% during the first quarter. Moran Wealth Management LLC now owns 36,869 shares of the company’s stock valued at $1,499,000 after purchasing an additional 266 shares during the period. Finally, Commonwealth Equity Services LLC boosted its position in shares of Global X Millennial Consumer ETF by 1.6% during the 4th quarter. Commonwealth Equity Services LLC now owns 23,341 shares of the company’s stock worth $1,095,000 after purchasing an additional 357 shares in the last quarter.

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.