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

AB Conservative Buffer ETF (NASDAQ:BUFC)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as $41.38 and last traded at $41.33, with a volume of 18923 shares traded. The stock had previously closed at $41.23.

AB Conservative Buffer ETF Stock Performance

The firm has a market cap of $968.53 million, a PE ratio of 25.09 and a beta of 0.24. The firm has a fifty day simple moving average of $40.95 and a two-hundred day simple moving average of $40.30.

Institutional Investors Weigh In On AB Conservative Buffer ETF

Large investors have recently bought and sold shares of the business. Alliancebernstein L.P. raised its stake in AB Conservative Buffer ETF by 24.0% during the first 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 in the last quarter. Susquehanna International Group LLP increased its holdings in shares of 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 worth $3,138,000 after buying an additional 65,072 shares during the last quarter. NewEdge Advisors LLC purchased a new stake in shares of AB Conservative Buffer ETF during the 1st quarter valued at about $426,000. Assetmark Inc. bought a new position in shares of AB Conservative Buffer ETF in the 3rd quarter valued at about $188,000. Finally, Ausdal Financial Partners Inc. lifted its holdings in shares of 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 valued at $526,000 after acquiring an additional 1,190 shares during the last quarter.

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.