AB Conservative Buffer ETF (NASDAQ:BUFC – Get Free Report)’s share price hit a new 52-week high on Tuesday . The company traded as high as $42.77 and last traded at $42.77, with a volume of 119 shares traded. The stock had previously closed at $42.67.
AB Conservative Buffer ETF Trading Up 0.2%
The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of 25.09 and a beta of 0.26. The stock has a 50-day moving average price of $42.38 and a 200 day moving average price of $41.68.
Institutional Trading of AB Conservative Buffer ETF
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Legacy Wealth Advisors LLC acquired a new position in shares of AB Conservative Buffer ETF during the 4th quarter worth approximately $6,726,000. Susquehanna International Group LLP lifted its holdings in 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 in the last quarter. N.E.W. Advisory Services LLC grew its position in shares of AB Conservative Buffer ETF by 320.6% in the fourth quarter. N.E.W. Advisory Services LLC now owns 20,799 shares of the company’s stock valued at $860,000 after purchasing an additional 15,854 shares during the period. Bailard Inc. acquired a new stake in shares of AB Conservative Buffer ETF in the fourth quarter valued at about $494,000. Finally, NewEdge Advisors LLC purchased a new stake in shares of AB Conservative Buffer ETF during the first quarter worth about $426,000.
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.
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