Brown Advisory Flexible Equity ETF (NASDAQ:BAFE) Sees Unusually-High Trading Volume – Still a Buy?

Brown Advisory Flexible Equity ETF (NASDAQ:BAFE) shares saw an uptick in trading volume on Wednesday . 228,648 shares traded hands during trading, an increase of 235% from the previous session’s volume of 68,159 shares.The stock last traded at $25.54 and had previously closed at $25.44.

Brown Advisory Flexible Equity ETF Trading Up 0.5%

The firm’s 50 day moving average price is $26.69 and its two-hundred day moving average price is $26.93. The company has a market capitalization of $1.45 billion, a P/E ratio of 24.62 and a beta of 1.08.

Brown Advisory Flexible Equity ETF Announces Dividend

The business also recently disclosed an annual dividend, which was paid on Wednesday, January 7th. Stockholders of record on Tuesday, December 30th were issued a $0.081 dividend. The ex-dividend date was Tuesday, December 30th. This represents a dividend yield of 29.0%.

Institutional Trading of Brown Advisory Flexible Equity ETF

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC grew its stake in Brown Advisory Flexible Equity ETF by 11.6% in the fourth quarter. Jane Street Group LLC now owns 10,541 shares of the company’s stock valued at $288,000 after purchasing an additional 1,092 shares in the last quarter. Goldman Sachs Group Inc. bought a new stake in shares of Brown Advisory Flexible Equity ETF during the 4th quarter worth approximately $203,000. Quantinno Capital Management LP bought a new stake in Brown Advisory Flexible Equity ETF during the second quarter worth $1,208,000. Tred Avon Family Wealth LLC acquired a new stake in Brown Advisory Flexible Equity ETF in the fourth quarter valued at $2,171,000. Finally, Brown Advisory Inc. lifted its stake in 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 during 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.