Brown Advisory Flexible Equity ETF (NASDAQ:BAFE) Sees Unusually-High Trading Volume – Time to Buy?

Shares of Brown Advisory Flexible Equity ETF (NASDAQ:BAFE) saw unusually-strong trading volume on Friday . Approximately 77,446 shares changed hands during mid-day trading, an increase of 1% from the previous session’s volume of 76,714 shares.The stock last traded at $28.63 and had previously closed at $28.60.

Brown Advisory Flexible Equity ETF Price Performance

The stock has a market capitalization of $1.65 billion, a P/E ratio of 24.62 and a beta of 1.00. The business’s 50 day simple moving average is $27.94 and its 200-day simple moving average is $27.23.

Hedge Funds Weigh In On Brown Advisory Flexible Equity ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of BAFE. Avalon Trust Co bought a new position in shares of Brown Advisory Flexible Equity ETF during the first quarter worth $38,000. Royal Bank of Canada bought a new position in shares of Brown Advisory Flexible Equity ETF during the first quarter worth $169,000. Goldman Sachs Group Inc. bought a new position in shares of Brown Advisory Flexible Equity ETF during the fourth quarter worth $203,000. Jane Street Group LLC boosted its position in shares of Brown Advisory Flexible Equity ETF by 11.6% during the fourth 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 in the last quarter. Finally, Quantinno Capital Management LP bought a new position in shares of Brown Advisory Flexible Equity ETF during the second quarter worth $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.