GeoWealth Management LLC Decreases Stake in Global X Millennial Consumer ETF (NASDAQ:MILN)

GeoWealth Management LLC cut its holdings in shares of Global X Millennial Consumer ETF (NASDAQ:MILN) by 14.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 4,182 shares of the company’s stock after selling 682 shares during the quarter. GeoWealth Management LLC’s holdings in Global X Millennial Consumer ETF were worth $188,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Wealthfront Advisers LLC purchased a new stake in shares of Global X Millennial Consumer ETF during the 4th quarter valued at approximately $9,753,000. LPL Financial LLC raised its holdings in Global X Millennial Consumer ETF by 5.4% during the 4th quarter. LPL Financial LLC now owns 72,298 shares of the company’s stock valued at $3,251,000 after acquiring an additional 3,735 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Global X Millennial Consumer ETF during the fourth quarter worth $305,000. Jane Street Group LLC boosted its holdings in shares of Global X Millennial Consumer ETF by 24.5% in the third quarter. Jane Street Group LLC now owns 6,729 shares of the company’s stock worth $282,000 after acquiring an additional 1,326 shares during the period. Finally, Barclays PLC grew its position in shares of Global X Millennial Consumer ETF by 33.3% in the third quarter. Barclays PLC now owns 3,000 shares of the company’s stock valued at $126,000 after purchasing an additional 750 shares in the last quarter.

Global X Millennial Consumer ETF Stock Performance

NASDAQ:MILN opened at $41.88 on Thursday. Global X Millennial Consumer ETF has a 52-week low of $35.03 and a 52-week high of $49.77. The business’s fifty day moving average is $43.57 and its 200 day moving average is $44.88. The firm has a market cap of $110.13 million, a price-to-earnings ratio of 25.94 and a beta of 1.21.

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.