Brown Advisory Flexible Equity ETF (NASDAQ:BAFE) Sets New 12-Month High – Still a Buy?

Brown Advisory Flexible Equity ETF (NASDAQ:BAFEGet Free Report)’s share price hit a new 52-week high during trading on Thursday . The stock traded as high as $27.57 and last traded at $27.55, with a volume of 5700 shares. The stock had previously closed at $27.36.

Brown Advisory Flexible Equity ETF Price Performance

The business has a 50 day simple moving average of $26.81 and a 200-day simple moving average of $26.50. The stock has a market capitalization of $1.49 billion, a price-to-earnings ratio of 24.62 and a beta of 1.08.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Brown Advisory Inc. raised its holdings in shares of Brown Advisory Flexible Equity ETF by 14.5% during the second quarter. Brown Advisory Inc. now owns 49,315,955 shares of the company’s stock worth $1,301,448,000 after acquiring an additional 6,232,200 shares during the period. HB Wealth Management LLC bought a new stake in shares of Brown Advisory Flexible Equity ETF in the second quarter valued at about $3,392,000. Jane Street Group LLC bought a new stake in shares of Brown Advisory Flexible Equity ETF in the second quarter valued at about $1,359,000. Finally, Quantinno Capital Management LP bought a new stake in shares of Brown Advisory Flexible Equity ETF in the second quarter valued at about $1,208,000.

About Brown Advisory Flexible Equity ETF

(Get Free Report)

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.

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