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

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

Global X Millennial Consumer ETF Stock Up 0.1 %

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

Institutional Trading of Global X Millennial Consumer ETF

Several institutional investors have recently added to or reduced their stakes in MILN. Mirae Asset Global Investments Co. Ltd. bought a new stake in Global X Millennial Consumer ETF during the first quarter valued at $610,000. Cetera Advisors LLC bought a new stake in Global X Millennial Consumer ETF during the first quarter valued at $297,000. CreativeOne Wealth LLC increased its stake in Global X Millennial Consumer ETF by 25.2% during the first quarter. CreativeOne Wealth LLC now owns 36,143 shares of the company’s stock valued at $1,413,000 after purchasing an additional 7,278 shares during the last quarter. Finally, Rothschild Investment LLC bought a new stake in Global X Millennial Consumer ETF during the second quarter valued at $26,000.

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.