AB Conservative Buffer ETF (NASDAQ:BUFC) Sees Unusually-High Trading Volume – Time to Buy?

Shares of AB Conservative Buffer ETF (NASDAQ:BUFC) saw unusually-high trading volume on Thursday . Approximately 74,937 shares were traded during mid-day trading, an increase of 46% from the previous session’s volume of 51,197 shares.The stock last traded at $41.3350 and had previously closed at $41.55.

AB Conservative Buffer ETF Stock Performance

The company has a market cap of $1.00 billion, a price-to-earnings ratio of 25.09 and a beta of 0.24. The stock’s fifty day moving average is $41.38 and its two-hundred day moving average is $40.74.

Institutional Investors Weigh In On AB Conservative Buffer ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Assetmark Inc. bought a new stake in AB Conservative Buffer ETF in the 3rd quarter valued at about $188,000. NewEdge Advisors LLC purchased a new position in shares of AB Conservative Buffer ETF in the first quarter worth about $426,000. Bailard Inc. bought a new stake in shares of AB Conservative Buffer ETF in the fourth quarter valued at approximately $494,000. Ausdal Financial Partners Inc. lifted its stake 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 valued at $526,000 after buying an additional 1,190 shares in the last quarter. Finally, N.E.W. Advisory Services LLC lifted its stake 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 valued at $860,000 after buying an additional 15,854 shares in the last quarter.

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.