AB Conservative Buffer ETF (NASDAQ:BUFC) Sets New 1-Year High – Here’s Why

Shares of AB Conservative Buffer ETF (NASDAQ:BUFC) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $41.76 and last traded at $41.75, with a volume of 26766 shares. The stock had previously closed at $41.67.

AB Conservative Buffer ETF Stock Performance

The stock’s 50 day simple moving average is $41.07 and its two-hundred day simple moving average is $41.09. The firm has a market capitalization of $1.03 billion, a PE ratio of 25.09 and a beta of 0.25.

Institutional Trading of AB Conservative Buffer ETF

Several institutional investors have recently made changes to their positions in the company. Rockefeller Capital Management L.P. purchased a new stake in shares of AB Conservative Buffer ETF during the 4th quarter valued at approximately $218,000. OLD Mission Capital LLC raised its position in shares of AB Conservative Buffer ETF by 44.5% during the 4th quarter. OLD Mission Capital LLC now owns 32,056 shares of the company’s stock valued at $1,325,000 after buying an additional 9,877 shares during the period. Scarborough Advisors LLC raised its position in shares of AB Conservative Buffer ETF by 200.3% during the 4th quarter. Scarborough Advisors LLC now owns 9,729 shares of the company’s stock valued at $402,000 after buying an additional 6,489 shares during the period. Legacy Wealth Advisors LLC purchased a new stake in shares of AB Conservative Buffer ETF during the 4th quarter valued at approximately $6,726,000. Finally, HighTower Advisors LLC raised its position in shares of AB Conservative Buffer ETF by 2.7% during the 4th quarter. HighTower Advisors LLC now owns 91,407 shares of the company’s stock valued at $3,777,000 after buying an additional 2,423 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.