AB Conservative Buffer ETF (NASDAQ:BUFC) Sets New 12-Month High – Here’s Why

AB Conservative Buffer ETF (NASDAQ:BUFC) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $41.76 and last traded at $41.6560, with a volume of 2489 shares changing hands. The stock had previously closed at $41.69.

AB Conservative Buffer ETF Stock Performance

The company has a 50-day simple moving average of $41.44 and a 200 day simple moving average of $40.82. The company has a market capitalization of $1.01 billion, a P/E ratio of 25.09 and a beta of 0.24.

Institutional Investors Weigh In On AB Conservative Buffer ETF

Hedge funds have recently modified their holdings of the business. Alliancebernstein L.P. grew its position in shares of AB Conservative Buffer ETF by 1.0% in the 3rd quarter. Alliancebernstein L.P. now owns 18,539,111 shares of the company’s stock valued at $753,244,000 after purchasing an additional 186,458 shares during the period. HighTower Advisors LLC raised its holdings in shares of AB Conservative Buffer ETF by 2.7% during the fourth quarter. HighTower Advisors LLC now owns 91,407 shares of the company’s stock worth $3,777,000 after acquiring an additional 2,423 shares during the period. Susquehanna International Group LLP lifted its position in AB Conservative Buffer ETF by 534.9% in the 3rd quarter. Susquehanna International Group LLP now owns 77,237 shares of the company’s stock valued at $3,138,000 after acquiring an additional 65,072 shares in the last quarter. N.E.W. Advisory Services LLC lifted its position in AB Conservative Buffer ETF by 320.6% in the 4th quarter. N.E.W. Advisory Services LLC now owns 20,799 shares of the company’s stock valued at $860,000 after acquiring an additional 15,854 shares in the last quarter. Finally, Ausdal Financial Partners Inc. boosted its stake in AB Conservative Buffer ETF by 9.8% in the 2nd quarter. Ausdal Financial Partners Inc. now owns 13,332 shares of the company’s stock worth $526,000 after purchasing an additional 1,190 shares during the period.

AB Conservative Buffer ETF Company Profile

The AB Conservative Buffer ETF (BUFC) is an exchange-traded fund that mostly invests in large cap equity. The fund aims to participate in the price movement of the SPDR S&P 500 ETF (ticker: SPY), up to a cap while buffering the first 15% decline. The fund resets its buffer and cap levels every three-months BUFC was launched on Dec 13, 2023 and is issued by AB Funds.