Brown Advisory Flexible Equity ETF (NASDAQ:BAFE) Sees Large Volume Increase – Should You Buy?

Shares of Brown Advisory Flexible Equity ETF (NASDAQ:BAFE) saw strong trading volume on Wednesday . 68,811 shares were traded during trading, an increase of 97% from the previous session’s volume of 35,000 shares.The stock last traded at $28.02 and had previously closed at $27.71.

Brown Advisory Flexible Equity ETF Stock Performance

The firm has a market cap of $1.55 billion, a price-to-earnings ratio of 24.62 and a beta of 1.08. The firm’s 50 day moving average is $27.04 and its 200-day moving average is $26.80.

Brown Advisory Flexible Equity ETF Announces Dividend

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Quantinno Capital Management LP bought a new stake in shares of Brown Advisory Flexible Equity ETF during the 2nd quarter worth $1,208,000. Jane Street Group LLC bought a new position in shares of Brown Advisory Flexible Equity ETF in the second quarter worth about $1,359,000. HB Wealth Management LLC acquired a new position in shares of Brown Advisory Flexible Equity ETF during the 2nd quarter worth about $3,392,000. Finally, Brown Advisory Inc. boosted its stake in Brown Advisory Flexible Equity ETF by 14.5% during the 2nd quarter. Brown Advisory Inc. now owns 49,315,955 shares of the company’s stock valued at $1,301,448,000 after purchasing an additional 6,232,200 shares during the period.

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.