Brown Advisory Flexible Equity ETF (NASDAQ:BAFE) Reaches New 52-Week High – Here’s Why

Shares of Brown Advisory Flexible Equity ETF (NASDAQ:BAFE) hit a new 52-week high during trading on Wednesday. The company traded as high as $30.58 and last traded at $30.54, with a volume of 26,095 shares. The stock had previously closed at $30.41.

Brown Advisory Flexible Equity ETF Trading Up 0.1%

The business’s 50-day simple moving average is $29.92 and its two-hundred day simple moving average is $29.03. The company has a market capitalization of $1.78 billion, a PE ratio of 24.62 and a beta of 0.96.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Avalon Trust Co acquired a new position in shares of Brown Advisory Flexible Equity ETF in the 1st quarter valued at approximately $38,000. Royal Bank of Canada purchased a new position in shares of Brown Advisory Flexible Equity ETF during the 1st quarter valued at approximately $169,000. Citadel Advisors LLC purchased a new position in shares of Brown Advisory Flexible Equity ETF during the 2nd quarter valued at approximately $788,000. Quantinno Capital Management LP boosted its stake in shares of Brown Advisory Flexible Equity ETF by 3.1% during the 1st quarter. Quantinno Capital Management LP now owns 127,260 shares of the company’s stock valued at $3,220,000 after buying an additional 3,803 shares during the last quarter. Finally, HB Wealth Management LLC grew its position in shares of Brown Advisory Flexible Equity ETF by 2.4% during the first quarter. HB Wealth Management LLC now owns 131,688 shares of the company’s stock worth $3,332,000 after buying an additional 3,141 shares in 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.