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

AB Conservative Buffer ETF (NASDAQ:BUFC) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $41.68 and last traded at $41.63, with a volume of 37490 shares changing hands. The stock had previously closed at $41.55.

AB Conservative Buffer ETF Price Performance

The stock has a market cap of $1.01 billion, a PE ratio of 25.09 and a beta of 0.24. The business has a 50 day moving average price of $41.12 and a two-hundred day moving average price of $40.51.

Institutional Investors Weigh In On AB Conservative Buffer ETF

Large investors have recently made changes to their positions in the company. NewEdge Advisors LLC increased its stake in AB Conservative Buffer ETF by 3.4% in the 3rd quarter. NewEdge Advisors LLC now owns 11,398 shares of the company’s stock worth $463,000 after buying an additional 376 shares in the last quarter. Susquehanna International Group LLP boosted its position in AB Conservative Buffer ETF by 534.9% during 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. Alliancebernstein L.P. lifted its position in AB Conservative Buffer ETF by 1.0% during the third quarter. Alliancebernstein L.P. now owns 18,539,111 shares of the company’s stock valued at $753,244,000 after acquiring an additional 186,458 shares during the last quarter. Assetmark Inc. acquired a new position in shares of AB Conservative Buffer ETF during the third quarter valued at about $188,000. Finally, Ausdal Financial Partners Inc. grew its stake 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 valued at $526,000 after purchasing 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.