Brown Advisory Flexible Equity ETF (NASDAQ:BAFE) Sees Large Volume Increase – What’s Next?

Brown Advisory Flexible Equity ETF (NASDAQ:BAFE) saw unusually-strong trading volume on Friday . Approximately 83,525 shares traded hands during trading, a decline of 7% from the previous session’s volume of 89,942 shares.The stock last traded at $27.01 and had previously closed at $26.88.

Brown Advisory Flexible Equity ETF Trading Up 0.7%

The stock has a market cap of $1.46 billion, a PE ratio of 24.62 and a beta of 1.08. The business has a fifty day simple moving average of $26.80 and a two-hundred day simple moving average of $26.39.

Hedge Funds Weigh In On Brown Advisory Flexible Equity ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quantinno Capital Management LP bought a new position in Brown Advisory Flexible Equity ETF in the 2nd quarter valued at approximately $1,208,000. Jane Street Group LLC purchased a new position in shares of Brown Advisory Flexible Equity ETF in the second quarter worth $1,359,000. HB Wealth Management LLC bought a new position in shares of Brown Advisory Flexible Equity ETF during the second quarter valued at $3,392,000. Finally, Brown Advisory Inc. boosted its position in shares of Brown Advisory Flexible Equity ETF by 14.5% during the second quarter. Brown Advisory Inc. now owns 49,315,955 shares of the company’s stock valued at $1,301,448,000 after buying an additional 6,232,200 shares during the last quarter.

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.