Brown Advisory Flexible Equity ETF (NASDAQ:BAFE) Sees Large Volume Increase – Still a Buy?

Shares of Brown Advisory Flexible Equity ETF (NASDAQ:BAFE) saw unusually-strong trading volume on Monday. 127,396 shares traded hands during mid-day trading, an increase of 90% from the previous session’s volume of 66,916 shares. The stock last traded at $30.1890 and had previously closed at $30.34.

Brown Advisory Flexible Equity ETF Stock Up 0.3%

The company’s fifty day moving average price is $29.92 and its two-hundred day moving average price is $29.13. The company has a market cap of $1.77 billion, a price-to-earnings ratio of 24.62 and a beta of 0.96.

Institutional Investors Weigh In On Brown Advisory Flexible Equity ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Citadel Advisors LLC acquired a new stake in shares of Brown Advisory Flexible Equity ETF in the second quarter valued at approximately $788,000. Royal Bank of Canada acquired a new position in Brown Advisory Flexible Equity ETF during the 1st quarter valued at about $169,000. Quantinno Capital Management LP lifted its position in 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 purchasing an additional 3,803 shares during the period. Avalon Trust Co acquired a new position in Brown Advisory Flexible Equity ETF during the 1st quarter valued at about $38,000. Finally, HB Wealth Management LLC grew its position in shares of Brown Advisory Flexible Equity ETF by 2.4% during the 1st 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 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.