AB Conservative Buffer ETF (NASDAQ:BUFC) Sees Strong Trading Volume – Still a Buy?

Shares of AB Conservative Buffer ETF (NASDAQ:BUFCGet Free Report) saw an uptick in trading volume on Tuesday . 48,651 shares were traded during trading, a decline of 7% from the previous session’s volume of 52,521 shares.The stock last traded at $39.20 and had previously closed at $39.27.

AB Conservative Buffer ETF Trading Down 0.1%

The stock’s 50-day simple moving average is $38.51 and its 200-day simple moving average is $39.03. The stock has a market cap of $860.23 million, a price-to-earnings ratio of 25.04 and a beta of 0.22.

Institutional Investors Weigh In On AB Conservative Buffer ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Ancora Advisors LLC bought a new stake in shares of AB Conservative Buffer ETF in the 4th quarter valued at about $125,000. OLD Mission Capital LLC bought a new stake in AB Conservative Buffer ETF in the fourth quarter valued at approximately $421,000. NewEdge Advisors LLC acquired a new position in shares of AB Conservative Buffer ETF in the 1st quarter worth approximately $426,000. Ausdal Financial Partners Inc. lifted its holdings in 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 valued at $466,000 after buying an additional 663 shares during the period. Finally, N.E.W. Advisory Services LLC grew its holdings in AB Conservative Buffer ETF by 93.8% during the 1st quarter. N.E.W. Advisory Services LLC now owns 42,260 shares of the company’s stock worth $1,634,000 after acquiring an additional 20,456 shares during the period.

AB Conservative Buffer ETF Company Profile

(Get Free Report)

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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