Brown Advisory Flexible Equity ETF (NASDAQ:BAFE) Reaches New 1-Year High – Time to Buy?

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 $29.33 and last traded at $29.32, with a volume of 18144 shares traded. The stock had previously closed at $29.16.

Brown Advisory Flexible Equity ETF Trading Up 0.1%

The company has a market cap of $1.70 billion, a price-to-earnings ratio of 24.62 and a beta of 0.97. The company has a fifty day moving average price of $28.55 and a two-hundred day moving average price of $27.41.

Institutional Investors Weigh In On Brown Advisory Flexible Equity ETF

Institutional investors have recently bought and sold shares of the business. Tred Avon Family Wealth LLC bought a new stake in Brown Advisory Flexible Equity ETF in the 4th quarter valued at $2,171,000. Brown Advisory Inc. lifted its holdings in shares of Brown Advisory Flexible Equity ETF by 4.0% during the 4th quarter. Brown Advisory Inc. now owns 54,540,208 shares of the company’s stock worth $1,490,038,000 after acquiring an additional 2,093,356 shares during the period. Royal Bank of Canada bought a new position in shares of Brown Advisory Flexible Equity ETF during the 1st quarter worth about $169,000. Quantinno Capital Management LP bought a new stake in Brown Advisory Flexible Equity ETF in the second quarter valued at about $1,208,000. Finally, Jane Street Group LLC acquired a new position in Brown Advisory Flexible Equity ETF in the second quarter worth about $1,359,000.

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.