Brown Advisory Flexible Equity ETF (NASDAQ:BAFE) Sees Large Volume Increase – Should You Buy?

Brown Advisory Flexible Equity ETF (NASDAQ:BAFE) shares saw unusually-strong trading volume on Tuesday . 166,910 shares changed hands during trading, an increase of 134% from the previous session’s volume of 71,300 shares.The stock last traded at $30.03 and had previously closed at $30.11.

Brown Advisory Flexible Equity ETF Stock Down 0.2%

The company has a market cap of $1.75 billion, a price-to-earnings ratio of 24.62 and a beta of 0.96. The stock’s 50-day simple moving average is $29.29 and its 200 day simple moving average is $27.86.

Hedge Funds Weigh In On Brown Advisory Flexible Equity ETF

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

About Brown Advisory Flexible Equity ETF

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.