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 trading hands. The stock had previously closed at $28.72.

Brown Advisory Flexible Equity ETF Price Performance

The firm’s fifty day moving average price is $27.94 and its 200-day moving average price is $27.24. The firm has a market capitalization of $1.68 billion, a P/E ratio of 24.62 and a beta of 1.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in BAFE. Brown Advisory Inc. raised its stake in shares of Brown Advisory Flexible Equity ETF by 4.0% in the 4th quarter. Brown Advisory Inc. now owns 54,540,208 shares of the company’s stock worth $1,490,038,000 after buying an additional 2,093,356 shares in the last quarter. Tred Avon Family Wealth LLC bought a new stake in shares of Brown Advisory Flexible Equity ETF in the 4th quarter worth $2,171,000. Jane Street Group LLC bought a new stake in shares of Brown Advisory Flexible Equity ETF in the 2nd quarter worth $1,359,000. Quantinno Capital Management LP bought a new stake in shares of Brown Advisory Flexible Equity ETF in the 2nd quarter worth $1,208,000. Finally, Goldman Sachs Group Inc. bought a new stake in shares of Brown Advisory Flexible Equity ETF in the 4th quarter worth $203,000.

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.