Brown Advisory Flexible Equity ETF (NASDAQ:BAFE) Sets New 12-Month High – Time to Buy?

Brown Advisory Flexible Equity ETF (NASDAQ:BAFE)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $27.66 and last traded at $27.66, with a volume of 47699 shares traded. The stock had previously closed at $27.57.

Brown Advisory Flexible Equity ETF Stock Up 0.3%

The stock has a market cap of $1.49 billion, a PE ratio of 24.62 and a beta of 1.08. The firm has a fifty day moving average of $26.91 and a 200 day moving average of $26.66.

Institutional Inflows and Outflows

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