AB Conservative Buffer ETF (NASDAQ:BUFC) Hits New 52-Week High – Still a Buy?

AB Conservative Buffer ETF (NASDAQ:BUFC) shares hit a new 52-week high during trading on Friday . The stock traded as high as $42.82 and last traded at $42.82, with a volume of 178 shares traded. The stock had previously closed at $42.62.

AB Conservative Buffer ETF Price Performance

The stock’s fifty day simple moving average is $42.51 and its 200-day simple moving average is $41.79. The company has a market capitalization of $1.04 billion, a P/E ratio of 25.09 and a beta of 0.26.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Bailard Inc. bought a new stake in AB Conservative Buffer ETF in the 4th quarter valued at $494,000. N.E.W. Advisory Services LLC increased its holdings in shares of AB Conservative Buffer ETF by 320.6% during the 4th quarter. N.E.W. Advisory Services LLC now owns 20,799 shares of the company’s stock worth $860,000 after purchasing an additional 15,854 shares during the period. Ausdal Financial Partners Inc. increased its holdings in shares of AB Conservative Buffer ETF by 9.8% during 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. Susquehanna International Group LLP raised its position in shares of AB Conservative Buffer ETF by 534.9% during the third quarter. Susquehanna International Group LLP now owns 77,237 shares of the company’s stock valued at $3,138,000 after buying an additional 65,072 shares during the last quarter. Finally, Assetmark Inc. increased its stake in AB Conservative Buffer ETF by 28.7% during the fourth quarter. Assetmark Inc. now owns 5,953 shares of the company’s stock valued at $246,000 after acquiring an additional 1,327 shares during the period.

About AB Conservative Buffer ETF

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.