AB Conservative Buffer ETF (NASDAQ:BUFC) Reaches New 1-Year High – Should You Buy?

AB Conservative Buffer ETF (NASDAQ:BUFC)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $41.21 and last traded at $41.1490, with a volume of 22966 shares changing hands. The stock had previously closed at $41.12.

AB Conservative Buffer ETF Stock Up 0.2%

The firm has a market cap of $965.02 million, a price-to-earnings ratio of 25.09 and a beta of 0.24. The business has a 50 day moving average of $40.78 and a 200 day moving average of $40.08.

Institutional Trading of AB Conservative Buffer ETF

A number of hedge funds have recently bought and sold shares of BUFC. NewEdge Advisors LLC grew its position in shares of AB Conservative Buffer ETF by 3.4% in the third quarter. NewEdge Advisors LLC now owns 11,398 shares of the company’s stock valued at $463,000 after purchasing an additional 376 shares during the period. Ausdal Financial Partners Inc. lifted its position in AB Conservative Buffer ETF by 9.8% during the second quarter. Ausdal Financial Partners Inc. now owns 13,332 shares of the company’s stock worth $526,000 after buying an additional 1,190 shares during the period. Assetmark Inc. acquired a new stake in AB Conservative Buffer ETF in the 3rd quarter worth about $188,000. HighTower Advisors LLC boosted its stake in AB Conservative Buffer ETF by 55.6% in the 1st quarter. HighTower Advisors LLC now owns 134,355 shares of the company’s stock worth $5,196,000 after buying an additional 47,991 shares during the last quarter. Finally, Susquehanna International Group LLP grew its holdings in AB Conservative Buffer ETF by 534.9% in the 3rd quarter. Susquehanna International Group LLP now owns 77,237 shares of the company’s stock valued at $3,138,000 after buying an additional 65,072 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.