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

Brown Advisory Flexible Equity ETF (NASDAQ:BAFEGet Free Report) shares saw strong trading volume on Wednesday . 147,888 shares changed hands during mid-day trading, an increase of 65% from the previous session’s volume of 89,385 shares.The stock last traded at $27.41 and had previously closed at $27.51.

Brown Advisory Flexible Equity ETF Price Performance

The company has a market cap of $1.47 billion, a price-to-earnings ratio of 24.62 and a beta of 1.08. The firm’s fifty day moving average price is $26.97 and its 200-day moving average price is $26.72.

Brown Advisory Flexible Equity ETF Dividend Announcement

The company also recently disclosed an annual dividend, which will be paid on Wednesday, January 7th. Investors of record on Tuesday, December 30th will be given a $0.081 dividend. The ex-dividend date is Tuesday, December 30th. This represents a yield of 29.0%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. HB Wealth Management LLC acquired a new stake in shares of Brown Advisory Flexible Equity ETF in the second quarter valued at approximately $3,392,000. Brown Advisory Inc. grew its holdings in Brown Advisory Flexible Equity ETF by 14.5% in the 2nd 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 acquired a new stake in Brown Advisory Flexible Equity ETF in the 2nd quarter valued at approximately $1,208,000. Finally, Jane Street Group LLC acquired a new stake in Brown Advisory Flexible Equity ETF in the 2nd quarter valued at approximately $1,359,000.

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.

Further Reading

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