Brown Advisory Flexible Equity ETF (NASDAQ:BAFE) Reaches New 12-Month High – Still a Buy?

Brown Advisory Flexible Equity ETF (NASDAQ:BAFE) reached a new 52-week high on Wednesday. The stock traded as high as $30.58 and last traded at $30.54, with a volume of 26,095 shares. The stock had previously closed at $30.41.

Brown Advisory Flexible Equity ETF Stock Down 0.6%

The business’s 50-day moving average price is $29.92 and its 200-day moving average price is $29.10. The firm has a market capitalization of $1.76 billion, a PE ratio of 24.62 and a beta of 0.96.

Institutional Investors Weigh In On Brown Advisory Flexible Equity ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in BAFE. Citadel Advisors LLC acquired a new stake in shares of Brown Advisory Flexible Equity ETF during the 2nd quarter valued at about $788,000. Royal Bank of Canada bought a new position in Brown Advisory Flexible Equity ETF during the first quarter valued at approximately $169,000. Quantinno Capital Management LP raised its position in Brown Advisory Flexible Equity ETF by 3.1% during the first quarter. Quantinno Capital Management LP now owns 127,260 shares of the company’s stock valued at $3,220,000 after acquiring an additional 3,803 shares in the last quarter. Avalon Trust Co acquired a new stake in Brown Advisory Flexible Equity ETF in the first quarter valued at approximately $38,000. Finally, HB Wealth Management LLC lifted its stake in Brown Advisory Flexible Equity ETF by 2.4% in the first quarter. HB Wealth Management LLC now owns 131,688 shares of the company’s stock valued at $3,332,000 after acquiring an additional 3,141 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.