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

Shares of Brown Advisory Flexible Equity ETF (NASDAQ:BAFE) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $28.71 and last traded at $28.71, with a volume of 35369 shares traded. The stock had previously closed at $28.58.

Brown Advisory Flexible Equity ETF Price Performance

The firm has a market cap of $1.64 billion, a P/E ratio of 24.62 and a beta of 1.04. The business’s 50-day moving average is $27.06 and its two-hundred day moving average is $27.02.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in BAFE. Brown Advisory Inc. grew its position in Brown Advisory Flexible Equity ETF by 4.0% in 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. Tred Avon Family Wealth LLC bought a new position in Brown Advisory Flexible Equity ETF in the fourth quarter valued at $2,171,000. Jane Street Group LLC bought a new position in Brown Advisory Flexible Equity ETF in the second quarter valued at $1,359,000. Quantinno Capital Management LP bought a new position in Brown Advisory Flexible Equity ETF in the second quarter valued at $1,208,000. Finally, Goldman Sachs Group Inc. bought a new position in Brown Advisory Flexible Equity ETF in the fourth quarter valued at $203,000.

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.