AB Conservative Buffer ETF (NASDAQ:BUFC – Get Free Report)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $43.38 and last traded at $43.28, with a volume of 27961 shares traded. The stock had previously closed at $43.26.
AB Conservative Buffer ETF Trading Up 0.2%
The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of 25.09 and a beta of 0.26. The firm has a 50 day moving average price of $42.73 and a two-hundred day moving average price of $41.95.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the business. Rockefeller Capital Management L.P. purchased a new stake in AB Conservative Buffer ETF during the fourth quarter worth approximately $218,000. Assetmark Inc. raised its stake in shares of AB Conservative Buffer ETF by 28.7% in the 4th quarter. Assetmark Inc. now owns 5,953 shares of the company’s stock valued at $246,000 after acquiring an additional 1,327 shares during the period. Scarborough Advisors LLC raised its stake in shares of AB Conservative Buffer ETF by 200.3% in the 4th quarter. Scarborough Advisors LLC now owns 9,729 shares of the company’s stock valued at $402,000 after acquiring an additional 6,489 shares during the period. NewEdge Advisors LLC acquired a new position in shares of AB Conservative Buffer ETF during the 1st quarter valued at $426,000. Finally, Bailard Inc. purchased a new stake in AB Conservative Buffer ETF during the 4th quarter worth $494,000.
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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