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

Brown Advisory Flexible Equity ETF (NASDAQ:BAFE)’s share price reached a new 52-week high on Wednesday . The company traded as high as $28.71 and last traded at $28.71, with a volume of 35369 shares trading hands. The stock had previously closed at $28.58.

Brown Advisory Flexible Equity ETF Stock Performance

The business’s 50-day moving average price is $27.06 and its 200 day moving average price is $27.02. The company has a market cap of $1.64 billion, a P/E ratio of 24.62 and a beta of 1.04.

Institutional Investors Weigh In On Brown Advisory Flexible Equity ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. Royal Bank of Canada bought a new stake in shares of Brown Advisory Flexible Equity ETF in the 1st quarter valued at about $169,000. Quantinno Capital Management LP raised its holdings in shares of Brown Advisory Flexible Equity ETF by 3.1% in the 1st 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. Avalon Trust Co bought a new stake in shares of Brown Advisory Flexible Equity ETF during the 1st quarter worth about $38,000. HB Wealth Management LLC grew its stake in Brown Advisory Flexible Equity ETF by 2.4% in the 1st quarter. HB Wealth Management LLC now owns 131,688 shares of the company’s stock valued at $3,332,000 after buying an additional 3,141 shares during the last quarter. Finally, Brown Advisory Inc. grew its stake in 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 valued at $1,490,038,000 after buying an additional 2,093,356 shares during the last quarter.

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.