Brown Advisory Flexible Equity ETF (NASDAQ:BAFE) Sets New 1-Year High – Still a Buy?

Brown Advisory Flexible Equity ETF (NASDAQ:BAFE)’s stock price reached a new 52-week high on Wednesday . The company traded as high as $29.33 and last traded at $29.32, with a volume of 18144 shares. The stock had previously closed at $29.16.

Brown Advisory Flexible Equity ETF Trading Up 0.9%

The firm has a market cap of $1.69 billion, a PE ratio of 24.62 and a beta of 1.00. The business’s 50-day simple moving average is $28.49 and its 200 day simple moving average is $27.39.

Hedge Funds Weigh In On Brown Advisory Flexible Equity ETF

A number of large investors have recently bought and sold shares of BAFE. Tred Avon Family Wealth LLC purchased a new position in shares of Brown Advisory Flexible Equity ETF in the 4th quarter valued at $2,171,000. Brown Advisory Inc. boosted its position in Brown Advisory Flexible Equity ETF by 4.0% during the fourth quarter. Brown Advisory Inc. now owns 54,540,208 shares of the company’s stock valued at $1,490,038,000 after purchasing an additional 2,093,356 shares in the last quarter. Jane Street Group LLC boosted its position in 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 valued at $288,000 after purchasing an additional 1,092 shares in the last quarter. Goldman Sachs Group Inc. purchased a new position in Brown Advisory Flexible Equity ETF in the fourth quarter valued at about $203,000. Finally, Quantinno Capital Management LP purchased a new position in Brown Advisory Flexible Equity ETF in the second quarter valued at about $1,208,000.

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.