Brown Advisory Flexible Equity ETF (NASDAQ:BAFE) Hits New 52-Week High – Should You Buy?

Brown Advisory Flexible Equity ETF (NASDAQ:BAFE)’s stock price hit a new 52-week high on Monday . The stock traded as high as $30.00 and last traded at $30.00, with a volume of 1161 shares trading hands. The stock had previously closed at $29.13.

Brown Advisory Flexible Equity ETF Price Performance

The firm has a market capitalization of $1.74 billion, a price-to-earnings ratio of 24.62 and a beta of 0.97. The business’s 50 day moving average price is $28.94 and its 200-day moving average price is $27.65.

Hedge Funds Weigh In On Brown Advisory Flexible Equity ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in BAFE. Tred Avon Family Wealth LLC purchased a new position in shares of Brown Advisory Flexible Equity ETF during the 4th quarter worth approximately $2,171,000. Brown Advisory Inc. boosted its stake in shares of Brown Advisory Flexible Equity ETF by 4.0% in the fourth quarter. Brown Advisory Inc. now owns 54,540,208 shares of the company’s stock valued at $1,490,038,000 after buying an additional 2,093,356 shares in the last quarter. HB Wealth Management LLC grew its holdings in Brown Advisory Flexible Equity ETF by 2.4% during the first quarter. HB Wealth Management LLC now owns 131,688 shares of the company’s stock worth $3,332,000 after acquiring an additional 3,141 shares during the period. Avalon Trust Co acquired a new position in Brown Advisory Flexible Equity ETF during the first quarter worth $38,000. Finally, Quantinno Capital Management LP raised its position in Brown Advisory Flexible Equity ETF by 3.1% in the first quarter. Quantinno Capital Management LP now owns 127,260 shares of the company’s stock worth $3,220,000 after acquiring an additional 3,803 shares in the last quarter.

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.