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

Shares of Brown Advisory Flexible Equity ETF (NASDAQ:BAFE) rose 0.7% during mid-day trading on Monday . The stock 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 50 day moving average of $25.23. The stock has a market cap of $1.02 billion and a P/E ratio of 24.74.

Institutional Trading of 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 position in shares of Brown Advisory Flexible Equity ETF (NASDAQ:BAFE) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 39,492,630 shares of the company’s stock, valued at approximately $985,527,000. Brown Advisory Flexible Equity ETF comprises approximately 1.3% of Brown Advisory Inc.’s investment portfolio, making the stock its 16th biggest position. Brown Advisory Inc. owned approximately 94.53% of Brown Advisory Flexible Equity ETF at the end of the most recent quarter.

About Brown Advisory Flexible Equity ETF

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.