AB Conservative Buffer ETF (NASDAQ:BUFC – Get Free Report) saw unusually-high trading volume on Tuesday . Approximately 127,994 shares changed hands during mid-day trading, an increase of 167% from the previous session’s volume of 47,940 shares.The stock last traded at $42.36 and had previously closed at $42.22.
AB Conservative Buffer ETF Stock Performance
The company has a market cap of $1.04 billion, a PE ratio of 25.09 and a beta of 0.26. The business’s 50-day moving average is $41.87 and its 200 day moving average is $41.45.
Hedge Funds Weigh In On AB Conservative Buffer ETF
A number of hedge funds have recently modified their holdings of BUFC. NewEdge Advisors LLC purchased a new position in shares of AB Conservative Buffer ETF in the first quarter valued at about $426,000. Ausdal Financial Partners Inc. increased its position in shares of AB Conservative Buffer ETF by 9.8% during the second 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 during the period. Assetmark Inc. purchased a new position in shares of AB Conservative Buffer ETF during the third quarter valued at about $188,000. Alliancebernstein L.P. increased its position in shares of 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 buying an additional 186,458 shares during the period. Finally, Susquehanna International Group LLP increased its position 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 buying an additional 65,072 shares during the period.
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.
See Also
- Five stocks we like better than AB Conservative Buffer ETF
- The “Duck Stock” Keeps Quietly Making Money for Shareholders
- As Shares Fall, Analyst Are Boosting their Broadcom Price Targets
- Everpure: AI Storage Uncertainty Overshadows Breakneck Growth
- This Tech ETF Is Beating QQQ—and Canada May Be Part of the Reason
Receive News & Ratings for AB Conservative Buffer ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AB Conservative Buffer ETF and related companies with MarketBeat.com's FREE daily email newsletter.
