Moran Wealth Management LLC Invests $280,000 in Global X Millennial Consumer ETF (NASDAQ:MILN)

Moran Wealth Management LLC bought a new position in shares of Global X Millennial Consumer ETF (NASDAQ:MILN) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 6,496 shares of the company’s stock, valued at approximately $280,000. Moran Wealth Management LLC owned 0.25% of Global X Millennial Consumer ETF as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. SBI Securities Co. Ltd. purchased a new position in shares of Global X Millennial Consumer ETF during the fourth quarter valued at $30,000. Raymond James Financial Inc. purchased a new position in shares of Global X Millennial Consumer ETF during the fourth quarter valued at $305,000. LPL Financial LLC grew its holdings in shares of Global X Millennial Consumer ETF by 5.4% during the fourth quarter. LPL Financial LLC now owns 72,298 shares of the company’s stock valued at $3,251,000 after buying an additional 3,735 shares in the last quarter. Wealthfront Advisers LLC purchased a new position in shares of Global X Millennial Consumer ETF during the fourth quarter valued at $9,753,000. Finally, GPS Wealth Strategies Group LLC grew its holdings 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 valued at $83,000 after buying an additional 1,384 shares in the last quarter.

Global X Millennial Consumer ETF Trading Up 1.1%

Shares of MILN stock opened at $48.42 on Friday. Global X Millennial Consumer ETF has a 1-year low of $35.03 and a 1-year high of $49.77. The company has a market capitalization of $124.44 million, a price-to-earnings ratio of 26.80 and a beta of 1.21. The stock’s fifty day simple moving average is $45.76 and its 200-day simple moving average is $45.40.

Global X Millennial Consumer ETF Cuts Dividend

The firm also recently declared a dividend, which will be paid on Monday, July 7th. Stockholders of record on Friday, June 27th will be issued a dividend of $0.0181 per share. The ex-dividend date is Friday, June 27th.

Global X Millennial Consumer ETF 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.