Brown Advisory Flexible Equity ETF (NASDAQ:BAFE) Reaches New 12-Month Low – What’s Next?

Brown Advisory Flexible Equity ETF (NASDAQ:BAFE) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $23.35 and last traded at $23.43, with a volume of 5837 shares trading hands. The stock had previously closed at $24.42.

Brown Advisory Flexible Equity ETF Price Performance

The company has a market cap of $971.06 million and a PE ratio of 24.74. The stock’s fifty day simple moving average is $25.06.

Hedge Funds Weigh In On Brown Advisory Flexible Equity ETF

A hedge fund recently bought a new stake in Brown Advisory Flexible Equity ETF stock. Brown Advisory Inc. bought a new stake in Brown Advisory Flexible Equity ETF (NASDAQ:BAFE) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 39,492,630 shares of the company’s stock, valued at approximately $985,527,000. Brown Advisory Flexible Equity ETF makes up approximately 1.3% of Brown Advisory Inc.’s portfolio, making the stock its 16th biggest holding. Brown Advisory Inc. owned 94.53% of Brown Advisory Flexible Equity ETF at the end of the most recent quarter.

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.