AB Conservative Buffer ETF (NASDAQ:BUFC) Sets New 12-Month High – Here’s Why

Shares of AB Conservative Buffer ETF (NASDAQ:BUFC) reached a new 52-week high on Wednesday . The company traded as high as $40.10 and last traded at $39.97, with a volume of 32249 shares. The stock had previously closed at $39.90.

AB Conservative Buffer ETF Stock Performance

The business has a 50 day moving average of $39.47 and a two-hundred day moving average of $38.86.

Institutional Trading of AB Conservative Buffer ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Ancora Advisors LLC purchased a new stake in shares of AB Conservative Buffer ETF in the fourth quarter worth approximately $125,000. OLD Mission Capital LLC purchased a new stake in shares of AB Conservative Buffer ETF in the fourth quarter worth approximately $421,000. Ausdal Financial Partners Inc. raised its stake in shares of AB Conservative Buffer ETF by 5.9% in the fourth quarter. Ausdal Financial Partners Inc. now owns 11,886 shares of the company’s stock worth $466,000 after purchasing an additional 663 shares during the last quarter. Quantum Private Wealth LLC raised its stake in shares of AB Conservative Buffer ETF by 54.5% in the third quarter. Quantum Private Wealth LLC now owns 17,000 shares of the company’s stock worth $656,000 after purchasing an additional 6,000 shares during the last quarter. Finally, Susquehanna International Group LLP raised its stake in shares of AB Conservative Buffer ETF by 355.6% in the fourth quarter. Susquehanna International Group LLP now owns 44,889 shares of the company’s stock worth $1,758,000 after purchasing an additional 35,036 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.