Brown Advisory Flexible Equity ETF (NASDAQ:BAFE) Sees Unusually-High Trading Volume – Still a Buy?

Brown Advisory Flexible Equity ETF (NASDAQ:BAFEGet Free Report) saw an uptick in trading volume on Friday . Approximately 49,646 shares were traded during mid-day trading, a decline of 29% from the previous session’s volume of 70,367 shares.The stock last traded at $29.46 and had previously closed at $29.24.

Brown Advisory Flexible Equity ETF Stock Performance

The company has a market capitalization of $1.72 billion, a price-to-earnings ratio of 24.62 and a beta of 0.96. The business’s 50 day moving average is $29.68 and its 200 day moving average is $28.24.

Institutional Investors Weigh In On Brown Advisory Flexible Equity ETF

Institutional investors have recently modified their holdings of the company. Quantinno Capital Management LP purchased a new position in shares of Brown Advisory Flexible Equity ETF in the 2nd quarter valued at $1,208,000. Jane Street Group LLC acquired a new position in Brown Advisory Flexible Equity ETF during the second quarter worth $1,359,000. Goldman Sachs Group Inc. purchased a new position in Brown Advisory Flexible Equity ETF in the fourth quarter valued at about $203,000. Brown Advisory Inc. raised 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 worth $1,490,038,000 after acquiring an additional 2,093,356 shares during the last quarter. Finally, HB Wealth Management LLC increased its position in Brown Advisory Flexible Equity ETF by 2.4% during the 1st quarter. HB Wealth Management LLC now owns 131,688 shares of the company’s stock worth $3,332,000 after purchasing an additional 3,141 shares in the last quarter.

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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