Brown Advisory Flexible Equity ETF (NASDAQ:BAFE) Trading Up 0.9% – Should You Buy?

Brown Advisory Flexible Equity ETF (NASDAQ:BAFE) traded up 0.9% during mid-day trading on Thursday . The company traded as high as $27.10 and last traded at $27.07. 21,924 shares were traded during trading, a decline of 78% from the average session volume of 97,902 shares. The stock had previously closed at $26.84.

Brown Advisory Flexible Equity ETF Stock Up 0.9%

The stock’s 50 day moving average price is $26.53 and its 200-day moving average price is $25.20. The stock has a market capitalization of $1.38 billion and a P/E ratio of 24.62.

Institutional Investors Weigh In On Brown Advisory Flexible Equity ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Brown Advisory Inc. lifted its position in Brown Advisory Flexible Equity ETF by 9.1% during the first quarter. Brown Advisory Inc. now owns 43,083,755 shares of the company’s stock valued at $1,037,888,000 after acquiring an additional 3,591,125 shares during the last quarter. Jane Street Group LLC purchased a new stake in Brown Advisory Flexible Equity ETF during the second quarter valued at approximately $1,359,000. Quantinno Capital Management LP purchased a new stake in Brown Advisory Flexible Equity ETF during the second quarter valued at approximately $1,208,000. Finally, HB Wealth Management LLC purchased a new stake in Brown Advisory Flexible Equity ETF in the second quarter valued at about $3,392,000.

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.