AB Conservative Buffer ETF (NASDAQ:BUFC) Trading Down 0.1% – Here’s Why

AB Conservative Buffer ETF (NASDAQ:BUFC)’s stock price traded down 0.1% during trading on Friday . The company traded as low as $40.73 and last traded at $40.80. 31,936 shares changed hands during trading, a decline of 47% from the average session volume of 60,232 shares. The stock had previously closed at $40.85.

AB Conservative Buffer ETF Trading Down 0.1%

The company has a market cap of $954.72 million, a price-to-earnings ratio of 25.09 and a beta of 0.24. The firm has a 50-day moving average price of $40.57 and a 200 day moving average price of $39.81.

Institutional Trading of AB Conservative Buffer ETF

A number of institutional investors and hedge funds have recently modified their holdings of BUFC. Assetmark Inc. bought a new stake in shares of AB Conservative Buffer ETF during the 3rd quarter valued at about $188,000. NewEdge Advisors LLC acquired a new stake in shares of AB Conservative Buffer ETF during the 1st quarter worth approximately $426,000. Ausdal Financial Partners Inc. lifted its holdings in shares of AB Conservative Buffer ETF by 9.8% in the 2nd quarter. Ausdal Financial Partners Inc. now owns 13,332 shares of the company’s stock worth $526,000 after purchasing an additional 1,190 shares during the last quarter. N.E.W. Advisory Services LLC lifted its holdings in shares of AB Conservative Buffer ETF by 93.8% in the 1st quarter. N.E.W. Advisory Services LLC now owns 42,260 shares of the company’s stock worth $1,634,000 after purchasing an additional 20,456 shares during the last quarter. Finally, HighTower Advisors LLC boosted its position in AB Conservative Buffer ETF by 55.6% during the 1st quarter. HighTower Advisors LLC now owns 134,355 shares of the company’s stock valued at $5,196,000 after purchasing an additional 47,991 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.