Brown Advisory Flexible Equity ETF (NASDAQ:BAFE) Sees Unusually-High Trading Volume – What’s Next?

Brown Advisory Flexible Equity ETF (NASDAQ:BAFE) shares saw unusually-high trading volume on Wednesday . 147,888 shares traded hands during trading, an increase of 65% from the previous session’s volume of 89,385 shares.The stock last traded at $27.41 and had previously closed at $27.51.

Brown Advisory Flexible Equity ETF Trading Down 0.3%

The firm has a market capitalization of $1.48 billion, a price-to-earnings ratio of 24.62 and a beta of 1.08. The firm has a fifty day moving average price of $26.95 and a 200 day moving average price of $26.71.

Brown Advisory Flexible Equity ETF Announces Dividend

The business also recently declared an annual dividend, which will be paid on Wednesday, January 7th. Stockholders of record on Tuesday, December 30th will be paid a dividend of $0.081 per share. This represents a dividend yield of 29.0%. The ex-dividend date of this dividend is Tuesday, December 30th.

Hedge Funds Weigh In On Brown Advisory Flexible Equity ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Quantinno Capital Management LP bought a new stake in shares of Brown Advisory Flexible Equity ETF during the 2nd quarter valued at $1,208,000. Jane Street Group LLC bought a new position in shares of Brown Advisory Flexible Equity ETF in the 2nd quarter worth $1,359,000. HB Wealth Management LLC acquired a new stake in shares of Brown Advisory Flexible Equity ETF during the second quarter worth $3,392,000. Finally, Brown Advisory Inc. increased its holdings in Brown Advisory Flexible Equity ETF by 14.5% in the second quarter. Brown Advisory Inc. now owns 49,315,955 shares of the company’s stock valued at $1,301,448,000 after purchasing an additional 6,232,200 shares during the last quarter.

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.