Brown Advisory Flexible Equity ETF (NASDAQ:BAFE) Sees Strong Trading Volume – Here’s What Happened

Brown Advisory Flexible Equity ETF (NASDAQ:BAFE) saw unusually-high trading volume on Friday. Approximately 50,177 shares changed hands during mid-day trading, a decline of 27% from the previous session’s volume of 69,050 shares. The stock last traded at $29.7460 and had previously closed at $29.64.

Brown Advisory Flexible Equity ETF Stock Up 0.1%

The stock has a market capitalization of $1.73 billion, a price-to-earnings ratio of 24.62 and a beta of 0.96. The company has a 50 day moving average of $29.73 and a 200 day moving average of $28.45.

Institutional Trading of Brown Advisory Flexible Equity ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Avalon Trust Co acquired a new position in shares of Brown Advisory Flexible Equity ETF during the 1st quarter valued at about $38,000. HB Wealth Management LLC boosted its position in shares of 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 worth $3,332,000 after acquiring an additional 3,141 shares during the last quarter. Quantinno Capital Management LP grew its holdings 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 purchasing an additional 3,803 shares during the period. Royal Bank of Canada purchased a new stake in Brown Advisory Flexible Equity ETF in the first quarter valued at approximately $169,000. Finally, Citadel Advisors LLC acquired a new position in Brown Advisory Flexible Equity ETF during the second quarter worth approximately $788,000.

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.