Brown Advisory Flexible Equity ETF (NASDAQ:BAFE) Sets New 1-Year High – Here’s What Happened

Brown Advisory Flexible Equity ETF (NASDAQ:BAFE) reached a new 52-week high during trading on Monday . The company traded as high as $29.52 and last traded at $29.51, with a volume of 1727 shares trading hands. The stock had previously closed at $29.25.

Brown Advisory Flexible Equity ETF Stock Performance

The stock has a market capitalization of $1.70 billion, a P/E ratio of 24.62 and a beta of 0.97. The business has a 50 day simple moving average of $28.76 and a 200-day simple moving average of $27.53.

Institutional Investors Weigh In On Brown Advisory Flexible Equity ETF

Several hedge funds and other institutional investors have recently bought and sold shares of BAFE. Tred Avon Family Wealth LLC bought a new position in shares of Brown Advisory Flexible Equity ETF during the 4th quarter valued at about $2,171,000. Brown Advisory Inc. grew its stake in shares of Brown Advisory Flexible Equity ETF by 4.0% in the 4th quarter. Brown Advisory Inc. now owns 54,540,208 shares of the company’s stock worth $1,490,038,000 after purchasing an additional 2,093,356 shares during the last quarter. Jane Street Group LLC raised its holdings in shares of Brown Advisory Flexible Equity ETF by 11.6% in the 4th quarter. Jane Street Group LLC now owns 10,541 shares of the company’s stock worth $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 in the 4th quarter worth approximately $203,000. Finally, Quantinno Capital Management LP acquired a new stake in Brown Advisory Flexible Equity ETF during the second quarter valued at approximately $1,208,000.

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.