Brown Advisory Flexible Equity ETF (NASDAQ:BAFE) Stock Price Up 1.1% – Here’s What Happened

Brown Advisory Flexible Equity ETF (NASDAQ:BAFE) shares rose 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 were traded during mid-day 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 Stock Performance

The firm has a market cap of $1.53 billion, a P/E ratio of 24.62 and a beta of 1.08. The stock’s 50 day simple moving average is $27.35 and its 200 day simple moving average is $26.99.

Brown Advisory Flexible Equity ETF Dividend Announcement

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

Hedge Funds Weigh In On Brown Advisory Flexible Equity ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Brown Advisory Inc. increased its holdings in Brown Advisory Flexible Equity ETF by 4.0% during the 4th quarter. Brown Advisory Inc. now owns 54,540,208 shares of the company’s stock worth $1,490,038,000 after purchasing an additional 2,093,356 shares in the last quarter. Jane Street Group LLC boosted its position in shares of Brown Advisory Flexible Equity ETF by 11.6% during the fourth quarter. Jane Street Group LLC now owns 10,541 shares of the company’s stock valued at $288,000 after buying an additional 1,092 shares during the last quarter. Goldman Sachs Group Inc. bought a new stake in Brown Advisory Flexible Equity ETF during the fourth quarter worth $203,000. Tred Avon Family Wealth LLC purchased a new stake in Brown Advisory Flexible Equity ETF in the 4th quarter valued at $2,171,000. Finally, Quantinno Capital Management LP purchased a new stake in Brown Advisory Flexible Equity ETF in the 2nd quarter valued at $1,208,000.

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.