Global X Millennial Consumer ETF (NASDAQ:MILN) Trading 0.1% Higher – Time to Buy?

Global X Millennial Consumer ETF (NASDAQ:MILN) traded up 0.1% on Friday . The company traded as high as $44.65 and last traded at $44.59. 4,932 shares traded hands during trading, a decline of 51% from the average session volume of 9,987 shares. The stock had previously closed at $44.55.

Global X Millennial Consumer ETF Trading Up 0.1 %

The stock has a 50-day simple moving average of $41.69 and a two-hundred day simple moving average of $39.48. The firm has a market capitalization of $126.19 million, a P/E ratio of 33.27 and a beta of 1.21.

Institutional Investors Weigh In On Global X Millennial Consumer ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. CreativeOne Wealth LLC increased its holdings in shares of Global X Millennial Consumer ETF by 25.2% in the 1st quarter. CreativeOne Wealth LLC now owns 36,143 shares of the company’s stock valued at $1,413,000 after acquiring an additional 7,278 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Global X Millennial Consumer ETF in the first quarter worth $610,000. Cetera Advisors LLC acquired a new stake in shares of Global X Millennial Consumer ETF during the first quarter worth $297,000. Finally, Rothschild Investment LLC purchased a new stake in shares of Global X Millennial Consumer ETF during the second quarter valued at $26,000.

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.