Brown Advisory Flexible Equity ETF (NASDAQ:BAFE) Shares Up 1.1% – Should You Buy?

Shares of Brown Advisory Flexible Equity ETF (NASDAQ:BAFE) were up 1.1% during mid-day trading on Friday . The company traded as high as $26.95 and last traded at $26.92. Approximately 155,193 shares traded hands during trading, an increase of 131% from the average daily volume of 67,082 shares. The stock had previously closed at $26.64.

Brown Advisory Flexible Equity ETF Price Performance

The stock has a market capitalization of $1.53 billion, a P/E ratio of 24.62 and a beta of 1.08. The stock has a fifty day moving average price of $27.35 and a 200 day moving average price of $26.99.

Brown Advisory Flexible Equity ETF Dividend Announcement

The business also recently announced an annual dividend, which was paid on Wednesday, January 7th. Shareholders of record on Tuesday, December 30th were paid a $0.081 dividend. The ex-dividend date was Tuesday, December 30th. This represents a yield of 29.0%.

Institutional Investors Weigh In On Brown Advisory Flexible Equity ETF

Several hedge funds and other institutional investors have recently modified their holdings of BAFE. Brown Advisory Inc. lifted its holdings in shares of Brown Advisory Flexible Equity ETF by 14.5% in the second quarter. Brown Advisory Inc. now owns 49,315,955 shares of the company’s stock worth $1,301,448,000 after buying an additional 6,232,200 shares in the last quarter. Quantinno Capital Management LP bought a new stake in Brown Advisory Flexible Equity ETF during the 2nd quarter worth approximately $1,208,000. Jane Street Group LLC purchased a new stake in Brown Advisory Flexible Equity ETF in the 2nd quarter worth approximately $1,359,000. Tred Avon Family Wealth LLC bought a new position in Brown Advisory Flexible Equity ETF in the 4th quarter valued at $2,171,000. Finally, Goldman Sachs Group Inc. purchased a new position in shares of Brown Advisory Flexible Equity ETF during the 4th 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.