AB Conservative Buffer ETF (NASDAQ:BUFC) Reaches New 1-Year High – Still a Buy?

AB Conservative Buffer ETF (NASDAQ:BUFC) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $42.59 and last traded at $42.59, with a volume of 1759 shares trading hands. The stock had previously closed at $42.37.

AB Conservative Buffer ETF Stock Up 0.5%

The company has a market cap of $1.06 billion, a PE ratio of 25.09 and a beta of 0.26. The business’s fifty day moving average is $41.94 and its 200-day moving average is $41.48.

Institutional Investors Weigh In On AB Conservative Buffer ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bailard Inc. bought a new stake in AB Conservative Buffer ETF during the 4th quarter worth approximately $494,000. N.E.W. Advisory Services LLC raised its stake in 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 worth $860,000 after acquiring an additional 15,854 shares during the period. Alliancebernstein L.P. raised 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 last quarter. Assetmark Inc. raised its position in shares of AB Conservative Buffer ETF by 28.7% during the fourth quarter. Assetmark Inc. now owns 5,953 shares of the company’s stock valued at $246,000 after buying an additional 1,327 shares during the last quarter. Finally, Susquehanna International Group LLP raised 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 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.