Brown Advisory Flexible Equity ETF (NASDAQ:BAFE) Sees Strong Trading Volume – Here’s Why

Shares of Brown Advisory Flexible Equity ETF (NASDAQ:BAFE) saw strong trading volume on Tuesday . 381,121 shares changed hands during mid-day trading, an increase of 240% from the previous session’s volume of 112,093 shares.The stock last traded at $26.39 and had previously closed at $26.39.

Brown Advisory Flexible Equity ETF Price Performance

The firm’s fifty day moving average price is $24.95 and its 200-day moving average price is $24.88. The company has a market cap of $1.30 billion and a price-to-earnings ratio of 24.62.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Brown Advisory Flexible Equity ETF stock. Brown Advisory Inc. acquired a new position in shares of Brown Advisory Flexible Equity ETF (NASDAQ:BAFE) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 39,492,630 shares of the company’s stock, valued at approximately $985,527,000. Brown Advisory Flexible Equity ETF accounts for about 1.3% of Brown Advisory Inc.’s holdings, making the stock its 16th largest position. Brown Advisory Inc. owned approximately 94.53% of Brown Advisory Flexible Equity ETF at the end of the most recent reporting period.

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.