Brown Advisory Flexible Equity ETF (NASDAQ:BAFE) Hits New 1-Year High – Here’s What Happened

Brown Advisory Flexible Equity ETF (NASDAQ:BAFE) hit a new 52-week high during trading on Monday . The stock traded as high as $30.00 and last traded at $30.00, with a volume of 1161 shares traded. The stock had previously closed at $29.13.

Brown Advisory Flexible Equity ETF Trading Up 1.4%

The stock’s 50 day moving average price is $28.94 and its two-hundred day moving average price is $27.65. The firm has a market capitalization of $1.74 billion, a price-to-earnings ratio of 24.62 and a beta of 0.97.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada purchased a new position in Brown Advisory Flexible Equity ETF in the first quarter valued at about $169,000. Quantinno Capital Management LP boosted its stake in shares of Brown Advisory Flexible Equity ETF by 3.1% during the 1st quarter. Quantinno Capital Management LP now owns 127,260 shares of the company’s stock worth $3,220,000 after acquiring an additional 3,803 shares in the last quarter. Avalon Trust Co purchased a new stake in shares of Brown Advisory Flexible Equity ETF during the 1st quarter worth approximately $38,000. HB Wealth Management LLC boosted its stake in shares of Brown Advisory Flexible Equity ETF by 2.4% during the 1st quarter. HB Wealth Management LLC now owns 131,688 shares of the company’s stock worth $3,332,000 after acquiring an additional 3,141 shares in the last quarter. Finally, Brown Advisory Inc. grew its holdings in shares of Brown Advisory Flexible Equity ETF by 4.0% in the 4th quarter. Brown Advisory Inc. now owns 54,540,208 shares of the company’s stock worth $1,490,038,000 after acquiring an additional 2,093,356 shares during the period.

Brown Advisory Flexible Equity ETF Company Profile

The Brown Advisory Flexible Equity ETF (BAFE) is an exchange-traded fund that mostly invests in total market equity. The fund actively selects a concentrated portfolio of US based equity securities of mid- and large-cap companies, diversified across the economy. Flexibility in the name indicates the strategy is not constrained to a specific size or style BAFE was launched on Nov 18, 2024 and is issued by Brown Advisory.