AB Conservative Buffer ETF (NASDAQ:BUFC) Sets New 52-Week High – Here’s Why

AB Conservative Buffer ETF (NASDAQ:BUFC) reached a new 52-week high during trading on Wednesday . The stock traded as high as $42.05 and last traded at $41.92, with a volume of 31584 shares. The stock had previously closed at $41.84.

AB Conservative Buffer ETF Price Performance

The stock has a fifty day simple moving average of $41.13 and a two-hundred day simple moving average of $41.18. The firm has a market capitalization of $1.04 billion, a P/E ratio of 25.09 and a beta of 0.26.

Institutional Trading of AB Conservative Buffer ETF

Hedge funds have recently modified their holdings of the stock. NewEdge Advisors LLC acquired a new position in shares of AB Conservative Buffer ETF during the 1st quarter valued at $426,000. Ausdal Financial Partners Inc. grew its holdings in AB Conservative Buffer ETF by 9.8% in the second 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. Assetmark Inc. bought a new stake in AB Conservative Buffer ETF in the third quarter valued at $188,000. Alliancebernstein L.P. increased its stake in AB Conservative Buffer ETF by 1.0% in the third quarter. Alliancebernstein L.P. now owns 18,539,111 shares of the company’s stock valued at $753,244,000 after purchasing an additional 186,458 shares in the last quarter. Finally, Susquehanna International Group LLP raised its holdings 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 purchasing an additional 65,072 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.