Brown Advisory Flexible Equity ETF (NASDAQ:BAFE) Shares Up 1.2% – Still a Buy?

Brown Advisory Flexible Equity ETF (NASDAQ:BAFE) traded up 1.2% during trading on Monday . The company traded as high as $25.73 and last traded at $25.70. 51,351 shares changed hands during mid-day trading, a decline of 27% from the average session volume of 69,977 shares. The stock had previously closed at $25.40.

Brown Advisory Flexible Equity ETF Stock Performance

The stock has a 50 day moving average price of $26.98 and a two-hundred day moving average price of $26.98. The company has a market capitalization of $1.46 billion, a PE ratio of 24.62 and a beta of 1.08.

Brown Advisory Flexible Equity ETF Dividend Announcement

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

Institutional Trading of Brown Advisory Flexible Equity ETF

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