Brown Advisory Flexible Equity ETF (NASDAQ:BAFE) Shares Climb 0.6% – Should You Buy?

Brown Advisory Flexible Equity ETF (NASDAQ:BAFE)’s share price shot up 0.6% during trading on Tuesday. The company traded as high as $30.48 and last traded at $30.41. Approximately 40,886 shares traded hands during trading, a decline of 39% from the average session volume of 67,485 shares. The stock had previously closed at $30.24.

Brown Advisory Flexible Equity ETF Stock Down 0.9%

The business has a fifty day moving average of $29.92 and a 200 day moving average of $29.10. The firm has a market cap of $1.77 billion, a P/E ratio of 24.62 and a beta of 0.96.

Hedge Funds Weigh In On Brown Advisory Flexible Equity ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. HB Wealth Management LLC grew its position in shares of Brown Advisory Flexible Equity ETF by 2.4% during the 1st quarter. HB Wealth Management LLC now owns 131,688 shares of the company’s stock worth $3,332,000 after buying an additional 3,141 shares during the period. Quantinno Capital Management LP increased its stake in shares of Brown Advisory Flexible Equity ETF by 3.1% in the 1st quarter. Quantinno Capital Management LP now owns 127,260 shares of the company’s stock valued at $3,220,000 after acquiring an additional 3,803 shares during the last quarter. Citadel Advisors LLC acquired a new stake in shares of Brown Advisory Flexible Equity ETF in the 2nd quarter valued at approximately $788,000. Royal Bank of Canada acquired a new stake in shares of Brown Advisory Flexible Equity ETF in the 1st quarter valued at approximately $169,000. Finally, Avalon Trust Co acquired a new stake in shares of Brown Advisory Flexible Equity ETF in the 1st quarter valued at approximately $38,000.

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.