Brown Advisory Flexible Equity ETF (NASDAQ:BAFE) Reaches New 52-Week High – Here’s Why

Brown Advisory Flexible Equity ETF (NASDAQ:BAFE) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $27.72 and last traded at $27.72, with a volume of 7172 shares. The stock had previously closed at $27.38.

Brown Advisory Flexible Equity ETF Stock Up 1.4%

The company’s fifty day moving average is $26.97 and its 200-day moving average is $26.75. The company has a market cap of $1.54 billion, a PE ratio of 24.62 and a beta of 1.08.

Brown Advisory Flexible Equity ETF Announces Dividend

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of BAFE. Quantinno Capital Management LP bought a new position in Brown Advisory Flexible Equity ETF in the 2nd quarter worth about $1,208,000. Jane Street Group LLC acquired a new stake in shares of Brown Advisory Flexible Equity ETF in the 2nd quarter worth $1,359,000. HB Wealth Management LLC purchased a new stake in shares of Brown Advisory Flexible Equity ETF during the second quarter worth about $3,392,000. Finally, Brown Advisory Inc. raised its holdings in shares of 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 worth $1,301,448,000 after buying an additional 6,232,200 shares during 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.