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

Brown Advisory Flexible Equity ETF (NASDAQ:BAFE) shares hit a new 52-week high during trading on Wednesday. The company traded as high as $30.58 and last traded at $30.5940, with a volume of 3,759 shares traded. The stock had previously closed at $29.89.

Brown Advisory Flexible Equity ETF Stock Up 2.8%

The firm’s 50 day moving average price is $29.91 and its two-hundred day moving average price is $28.42. The firm has a market capitalization of $1.79 billion, a PE ratio of 24.62 and a beta of 0.96.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Quantinno Capital Management LP boosted its stake in shares of Brown Advisory Flexible Equity ETF by 3.1% during the 1st quarter. Quantinno Capital Management LP now owns 127,260 shares of the company’s stock valued at $3,220,000 after buying an additional 3,803 shares during the last quarter. Citadel Advisors LLC bought a new stake in shares of Brown Advisory Flexible Equity ETF in the 2nd quarter worth about $788,000. Royal Bank of Canada acquired a new position in Brown Advisory Flexible Equity ETF in the first quarter worth about $169,000. Finally, Avalon Trust Co acquired a new position in Brown Advisory Flexible Equity ETF in the first quarter worth about $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.