Brown Advisory Flexible Equity ETF (NASDAQ:BAFE) Reaches New 12-Month High – Here’s Why

Brown Advisory Flexible Equity ETF (NASDAQ:BAFE) hit a new 52-week high on Wednesday. The company traded as high as $30.58 and last traded at $30.5940, with a volume of 3,759 shares changing hands. The stock had previously closed at $29.89.

Brown Advisory Flexible Equity ETF Trading Up 2.8%

The firm has a market capitalization of $1.79 billion, a price-to-earnings ratio of 24.62 and a beta of 0.96. The company has a 50-day moving average of $29.91 and a 200-day moving average of $28.42.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Avalon Trust Co bought a new stake in shares of Brown Advisory Flexible Equity ETF during the 1st quarter valued at about $38,000. Quantinno Capital Management LP boosted its stake in Brown Advisory Flexible Equity ETF by 3.1% in 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 during the period. Royal Bank of Canada acquired a new position in Brown Advisory Flexible Equity ETF in the first quarter valued at approximately $169,000. Finally, Citadel Advisors LLC bought a new position in shares of Brown Advisory Flexible Equity ETF during the second quarter valued at approximately $788,000.

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.