Brown Advisory Flexible Equity ETF (NASDAQ:BAFE) Sets New 1-Year High – Here’s What Happened

Shares of Brown Advisory Flexible Equity ETF (NASDAQ:BAFE) hit a new 52-week high on Tuesday . The company traded as high as $27.68 and last traded at $27.60, with a volume of 107340 shares changing hands. The stock had previously closed at $27.67.

Brown Advisory Flexible Equity ETF Stock Down 0.3%

The business has a 50-day simple moving average of $26.95 and a 200-day simple moving average of $26.70. The stock has a market cap of $1.49 billion, a P/E ratio of 24.62 and a beta of 1.08.

Institutional Inflows and Outflows

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

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.