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

Brown Advisory Flexible Equity ETF (NASDAQ:BAFE)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $29.29 and last traded at $29.26, with a volume of 61297 shares. The stock had previously closed at $28.72.

Brown Advisory Flexible Equity ETF Trading Up 1.7%

The stock has a market cap of $1.68 billion, a PE ratio of 24.62 and a beta of 1.00. The company’s 50 day moving average is $27.94 and its 200-day moving average is $27.24.

Institutional Investors Weigh In On Brown Advisory Flexible Equity ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Avalon Trust Co bought a new stake in shares of Brown Advisory Flexible Equity ETF in the 1st quarter worth about $38,000. Royal Bank of Canada bought a new stake in shares of Brown Advisory Flexible Equity ETF in the 1st quarter worth about $169,000. Goldman Sachs Group Inc. bought a new stake in shares of Brown Advisory Flexible Equity ETF in the 4th quarter worth about $203,000. Jane Street Group LLC increased its position in shares of Brown Advisory Flexible Equity ETF by 11.6% in the 4th quarter. Jane Street Group LLC now owns 10,541 shares of the company’s stock worth $288,000 after purchasing an additional 1,092 shares during the last quarter. Finally, Quantinno Capital Management LP bought a new stake in shares of Brown Advisory Flexible Equity ETF in the 2nd quarter worth about $1,208,000.

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.