Brown Advisory Flexible Equity ETF (NASDAQ:BAFE) Shares Up 1.2% – Time to Buy?

Brown Advisory Flexible Equity ETF (NASDAQ:BAFE)’s share price traded up 1.2% during trading on Monday . The company traded as high as $25.73 and last traded at $25.70. 51,351 shares were traded during mid-day trading, a decline of 27% from the average session volume of 69,977 shares. The stock had previously closed at $25.40.

Brown Advisory Flexible Equity ETF Stock Down 1.4%

The firm has a market cap of $1.45 billion, a PE ratio of 24.62 and a beta of 1.08. The stock has a 50 day moving average price of $26.89 and a two-hundred day moving average price of $26.96.

Brown Advisory Flexible Equity ETF Announces Dividend

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

Hedge Funds Weigh In On Brown Advisory Flexible Equity ETF

Several institutional investors and hedge funds have recently modified their holdings of BAFE. Goldman Sachs Group Inc. acquired a new stake in Brown Advisory Flexible Equity ETF in the fourth quarter valued at approximately $203,000. Jane Street Group LLC raised its stake in shares of Brown Advisory Flexible Equity ETF by 11.6% during the 4th quarter. Jane Street Group LLC now owns 10,541 shares of the company’s stock worth $288,000 after buying an additional 1,092 shares during the period. Quantinno Capital Management LP purchased a new position in shares of Brown Advisory Flexible Equity ETF during the 2nd quarter valued at approximately $1,208,000. Tred Avon Family Wealth LLC acquired a new stake in Brown Advisory Flexible Equity ETF in the 4th quarter valued at $2,171,000. Finally, Brown Advisory Inc. grew 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 valued at $1,301,448,000 after acquiring an additional 6,232,200 shares during the period.

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.