Brown Advisory Flexible Equity ETF (NASDAQ:BAFE) Hits New 1-Year High – What’s Next?

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

Brown Advisory Flexible Equity ETF Stock Performance

The business has a 50 day moving average price of $28.71 and a 200-day moving average price of $27.50. The company has a market capitalization of $1.71 billion, a price-to-earnings ratio of 24.62 and a beta of 0.97.

Hedge Funds Weigh In On Brown Advisory Flexible Equity ETF

Several institutional investors have recently added to or reduced their stakes in BAFE. Avalon Trust Co bought a new position in shares of Brown Advisory Flexible Equity ETF during the 1st quarter worth approximately $38,000. Royal Bank of Canada bought a new stake in shares of Brown Advisory Flexible Equity ETF in the 1st quarter valued at $169,000. Goldman Sachs Group Inc. acquired a new position in shares of Brown Advisory Flexible Equity ETF during the 4th quarter valued at $203,000. Jane Street Group LLC lifted its position in shares of Brown Advisory Flexible Equity ETF by 11.6% during the 4th quarter. Jane Street Group LLC now owns 10,541 shares of the company’s stock valued at $288,000 after acquiring an additional 1,092 shares during the period. Finally, Quantinno Capital Management LP bought a new position in Brown Advisory Flexible Equity ETF during the second quarter worth $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.