Brown Advisory Flexible Equity ETF (NASDAQ:BAFE) Hits New 12-Month High – What’s Next?

Brown Advisory Flexible Equity ETF (NASDAQ:BAFE) shares reached a new 52-week high on Wednesday . The stock traded as high as $27.66 and last traded at $27.66, with a volume of 47699 shares changing hands. The stock had previously closed at $27.57.

Brown Advisory Flexible Equity ETF Stock Up 0.3%

The firm has a market cap of $1.49 billion, a P/E ratio of 24.62 and a beta of 1.08. The firm’s 50-day simple moving average is $26.87 and its 200 day simple moving average is $26.65.

Institutional Trading of Brown Advisory Flexible Equity ETF

A number of institutional investors have recently modified their holdings of BAFE. Brown Advisory Inc. raised its holdings in Brown Advisory Flexible Equity ETF by 14.5% during the 2nd quarter. Brown Advisory Inc. now owns 49,315,955 shares of the company’s stock valued at $1,301,448,000 after acquiring an additional 6,232,200 shares during the period. HB Wealth Management LLC purchased a new position in shares of Brown Advisory Flexible Equity ETF in the second quarter valued at $3,392,000. Jane Street Group LLC bought a new stake in shares of Brown Advisory Flexible Equity ETF during the 2nd quarter valued at $1,359,000. Finally, Quantinno Capital Management LP bought a new stake in shares of Brown Advisory Flexible Equity ETF during the 2nd quarter valued at $1,208,000.

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.