Shares of AB Conservative Buffer ETF (NASDAQ:BUFC – Get Free Report) saw unusually-high trading volume on Wednesday . 124,871 shares were traded during mid-day trading, an increase of 185% from the previous session’s volume of 43,798 shares.The stock last traded at $43.19 and had previously closed at $43.22.
AB Conservative Buffer ETF Stock Up 0.3%
The stock has a market capitalization of $1.06 billion, a P/E ratio of 25.09 and a beta of 0.26. The stock’s 50 day moving average price is $42.82 and its 200-day moving average price is $42.02.
Institutional Trading of AB Conservative Buffer ETF
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Rockefeller Capital Management L.P. purchased a new position in shares of AB Conservative Buffer ETF in the 4th quarter valued at $218,000. Scarborough Advisors LLC boosted its position in AB Conservative Buffer ETF by 200.3% during the fourth quarter. Scarborough Advisors LLC now owns 9,729 shares of the company’s stock valued at $402,000 after purchasing an additional 6,489 shares in the last quarter. NewEdge Advisors LLC bought a new stake in AB Conservative Buffer ETF during the first quarter valued at about $426,000. Bailard Inc. purchased a new position in AB Conservative Buffer ETF in the fourth quarter valued at about $494,000. Finally, Ausdal Financial Partners Inc. raised 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 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.
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