Brown Advisory Flexible Equity ETF (NASDAQ:BAFE) Announces $0.08 Annual Dividend

Brown Advisory Flexible Equity ETF (NASDAQ:BAFE) declared an annual dividend on Monday, December 29th, NASDAQ Dividends reports. Stockholders of record on Tuesday, December 30th will be given a dividend of 0.081 per share on Wednesday, January 7th. This represents a dividend yield of 29.0%. The ex-dividend date of this dividend is Tuesday, December 30th.

Brown Advisory Flexible Equity ETF Stock Down 0.3%

Shares of BAFE traded down $0.09 on Tuesday, reaching $27.51. The stock had a trading volume of 138,437 shares, compared to its average volume of 89,307. Brown Advisory Flexible Equity ETF has a twelve month low of $21.10 and a twelve month high of $27.68. The firm has a market capitalization of $1.48 billion, a PE ratio of 24.62 and a beta of 1.08. The firm has a 50-day moving average of $26.95 and a 200 day moving average of $26.70.

Institutional Trading of Brown Advisory Flexible Equity ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quantinno Capital Management LP acquired a new position in Brown Advisory Flexible Equity ETF in the second quarter valued at $1,208,000. Jane Street Group LLC purchased a new stake in Brown Advisory Flexible Equity ETF during the second quarter valued at about $1,359,000. HB Wealth Management LLC acquired a new stake in Brown Advisory Flexible Equity ETF during the 2nd quarter worth approximately $3,392,000. Finally, Brown Advisory Inc. raised its stake in shares of Brown Advisory Flexible Equity ETF by 14.5% in the 2nd quarter. Brown Advisory Inc. now owns 49,315,955 shares of the company’s stock valued at $1,301,448,000 after acquiring an additional 6,232,200 shares during the period.

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.