Brown Advisory Flexible Equity ETF (NASDAQ:BAFE) Trading Up 0.7% – Here’s What Happened

Brown Advisory Flexible Equity ETF (NASDAQ:BAFE) shares rose 0.7% during mid-day trading on Monday . The company traded as high as $24.13 and last traded at $24.09. Approximately 168,746 shares were traded during mid-day trading, an increase of 110% from the average daily volume of 80,279 shares. The stock had previously closed at $23.92.

Brown Advisory Flexible Equity ETF Price Performance

The stock has a market capitalization of $1.02 billion and a P/E ratio of 24.74. The stock has a 50 day simple moving average of $25.23.

Hedge Funds Weigh In On Brown Advisory Flexible Equity ETF

A hedge fund recently bought a new stake in Brown Advisory Flexible Equity ETF stock. Brown Advisory Inc. bought a new stake in shares of Brown Advisory Flexible Equity ETF (NASDAQ:BAFE) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 39,492,630 shares of the company’s stock, valued at approximately $985,527,000. Brown Advisory Flexible Equity ETF accounts for 1.3% of Brown Advisory Inc.’s holdings, making the stock its 16th largest holding. Brown Advisory Inc. owned about 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.