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

Brown Advisory Flexible Equity ETF (NASDAQ:BAFE) shares saw an uptick in trading volume on Thursday . 241,560 shares changed hands during trading, an increase of 196% from the previous session’s volume of 81,743 shares.The stock last traded at $27.64 and had previously closed at $27.42.

Brown Advisory Flexible Equity ETF Trading Up 0.6%

The business has a 50 day moving average price of $27.22 and a 200-day moving average price of $26.90. The company has a market cap of $1.55 billion, a P/E ratio of 24.62 and a beta of 1.08.

Brown Advisory Flexible Equity ETF Dividend Announcement

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

Institutional Trading of Brown Advisory Flexible Equity ETF

Several large investors have recently made changes to their positions in BAFE. Quantinno Capital Management LP bought a new position in shares of Brown Advisory Flexible Equity ETF during the 2nd quarter worth approximately $1,208,000. 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. HB Wealth Management LLC purchased a new stake in shares of Brown Advisory Flexible Equity ETF in the second quarter worth about $3,392,000. Finally, Brown Advisory Inc. lifted its stake in Brown Advisory Flexible Equity ETF by 14.5% in the 2nd quarter. Brown Advisory Inc. now owns 49,315,955 shares of the company’s stock worth $1,301,448,000 after purchasing an additional 6,232,200 shares in 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.