AB Conservative Buffer ETF (NASDAQ:BUFC) Hits New 1-Year High – Here’s Why

AB Conservative Buffer ETF (NASDAQ:BUFC) reached a new 52-week high during trading on Tuesday . The stock traded as high as $41.26 and last traded at $41.15, with a volume of 15439 shares changing hands. The stock had previously closed at $41.24.

AB Conservative Buffer ETF Price Performance

The company has a fifty day moving average price of $40.80 and a 200 day moving average price of $40.12. The stock has a market cap of $962.91 million, a P/E ratio of 25.09 and a beta of 0.24.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. HighTower Advisors LLC grew its holdings in shares of AB Conservative Buffer ETF by 55.6% during the first quarter. HighTower Advisors LLC now owns 134,355 shares of the company’s stock valued at $5,196,000 after buying an additional 47,991 shares during the last quarter. Alliancebernstein L.P. boosted its stake in AB Conservative Buffer ETF by 24.0% during the 1st quarter. Alliancebernstein L.P. now owns 17,019,152 shares of the company’s stock valued at $658,131,000 after purchasing an additional 3,290,388 shares during the last quarter. NewEdge Advisors LLC acquired a new position in AB Conservative Buffer ETF during the 1st quarter valued at about $426,000. Ausdal Financial Partners Inc. increased its holdings in 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 in the last quarter. Finally, Assetmark Inc. purchased a new stake in shares of AB Conservative Buffer ETF in the third quarter worth approximately $188,000.

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.