Brown Advisory Flexible Equity ETF (NASDAQ:BAFE) Sets New 12-Month High – Here’s What Happened

Brown Advisory Flexible Equity ETF (NASDAQ:BAFE) shares hit a new 52-week high during mid-day trading on Wednesday. The stock traded as high as $30.58 and last traded at $30.5940, with a volume of 3,759 shares changing hands. The stock had previously closed at $29.89.

Brown Advisory Flexible Equity ETF Price Performance

The stock’s 50-day moving average is $29.91 and its 200-day moving average is $28.44. The stock has a market cap of $1.73 billion, a price-to-earnings ratio of 24.62 and a beta of 0.95.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Avalon Trust Co purchased a new position in Brown Advisory Flexible Equity ETF during the first quarter worth about $38,000. Royal Bank of Canada acquired a new stake in Brown Advisory Flexible Equity ETF in the 1st quarter worth about $169,000. Citadel Advisors LLC purchased a new stake in Brown Advisory Flexible Equity ETF in the 2nd quarter valued at about $788,000. Finally, Quantinno Capital Management LP grew its holdings in Brown Advisory Flexible Equity ETF by 3.1% in the 1st quarter. Quantinno Capital Management LP now owns 127,260 shares of the company’s stock valued at $3,220,000 after buying an additional 3,803 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.