Newbridge Financial Services Group Inc. Takes $838,000 Position in Global X Gold Explorers ETF $GOEX

Newbridge Financial Services Group Inc. purchased a new stake in shares of Global X Gold Explorers ETF (NYSEARCA:GOEX) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 18,396 shares of the company’s stock, valued at approximately $838,000.

A number of other hedge funds have also recently added to or reduced their stakes in GOEX. Raymond James Financial Inc. bought a new stake in Global X Gold Explorers ETF during the second quarter valued at $158,000. Global Retirement Partners LLC acquired a new position in shares of Global X Gold Explorers ETF in the 2nd quarter valued at about $407,000. Jane Street Group LLC acquired a new position in shares of Global X Gold Explorers ETF in the 2nd quarter valued at about $462,000. Flow Traders U.S. LLC bought a new stake in shares of Global X Gold Explorers ETF during the 2nd quarter valued at about $483,000. Finally, Compound Planning Inc. acquired a new stake in Global X Gold Explorers ETF during the first quarter worth about $694,000.

Global X Gold Explorers ETF Stock Up 0.7%

Shares of NYSEARCA GOEX opened at $81.50 on Monday. The firm’s 50-day moving average price is $71.23 and its two-hundred day moving average price is $58.40. Global X Gold Explorers ETF has a 52-week low of $28.79 and a 52-week high of $84.13. The stock has a market capitalization of $142.63 million, a P/E ratio of 20.37 and a beta of 0.80.

About Global X Gold Explorers ETF

The Global X Gold Explorers ETF (GOEX) is an exchange-traded fund that mostly invests in materials equity. The fund tracks a market-cap-weighted index of global stocks in the gold mining industry as an explorer or developer. GOEX was launched on Nov 3, 2010 and is managed by Global X.