AB Conservative Buffer ETF (NASDAQ:BUFC – Get Free Report) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $42.16 and last traded at $42.08, with a volume of 38558 shares changing hands. The stock had previously closed at $42.14.
AB Conservative Buffer ETF Stock Up 0.1%
The firm has a market cap of $1.05 billion, a PE ratio of 25.09 and a beta of 0.26. The firm’s 50 day moving average is $41.23 and its 200-day moving average is $41.24.
Hedge Funds Weigh In On AB Conservative Buffer ETF
Institutional investors and hedge funds have recently bought and sold shares of the stock. Alliancebernstein L.P. increased its position in 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 worth $753,244,000 after purchasing an additional 186,458 shares during the last quarter. N.E.W. Advisory Services LLC increased its position in AB Conservative Buffer ETF by 320.6% during the fourth quarter. N.E.W. Advisory Services LLC now owns 20,799 shares of the company’s stock worth $860,000 after purchasing an additional 15,854 shares during the last quarter. Assetmark Inc. increased its position in AB Conservative Buffer ETF by 28.7% during the fourth quarter. Assetmark Inc. now owns 5,953 shares of the company’s stock worth $246,000 after purchasing an additional 1,327 shares during the last quarter. OLD Mission Capital LLC increased its position in AB Conservative Buffer ETF by 44.5% during the fourth quarter. OLD Mission Capital LLC now owns 32,056 shares of the company’s stock worth $1,325,000 after purchasing an additional 9,877 shares during the last quarter. Finally, Scarborough Advisors LLC increased 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 worth $402,000 after purchasing an additional 6,489 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.
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