Brown Advisory Inc. Invests $985.53 Million in Brown Advisory Flexible Equity ETF (NASDAQ:BAFE)

Brown Advisory Inc. bought a new stake in Brown Advisory Flexible Equity ETF (NASDAQ:BAFE) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 39,492,630 shares of the company’s stock, valued at approximately $985,527,000. Brown Advisory Flexible Equity ETF comprises about 1.3% of Brown Advisory Inc.’s portfolio, making the stock its 16th biggest position. Brown Advisory Inc. owned 0.95% of Brown Advisory Flexible Equity ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Brown Advisory Flexible Equity ETF Stock Performance

Shares of BAFE stock opened at $24.44 on Friday. The business’s 50-day moving average price is $23.76. Brown Advisory Flexible Equity ETF has a 12-month low of $21.10 and a 12-month high of $26.63. The company has a market capitalization of $1.11 billion and a price-to-earnings ratio of 23.89.

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.