AB Conservative Buffer ETF (NASDAQ:BUFC) Sets New 1-Year High – Here’s Why

AB Conservative Buffer ETF (NASDAQ:BUFC)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $42.71 and last traded at $42.67, with a volume of 56355 shares changing hands. The stock had previously closed at $42.53.

AB Conservative Buffer ETF Stock Performance

The firm has a market cap of $1.05 billion, a price-to-earnings ratio of 25.09 and a beta of 0.26. The firm has a 50 day moving average price of $42.33 and a 200-day moving average price of $41.65.

Hedge Funds Weigh In On AB Conservative Buffer ETF

A number of institutional investors have recently made changes to their positions in the stock. Rockefeller Capital Management L.P. purchased a new position in AB Conservative Buffer ETF in the 4th quarter valued at about $218,000. Assetmark Inc. grew its stake in shares of AB Conservative Buffer ETF by 28.7% during the 4th quarter. Assetmark Inc. now owns 5,953 shares of the company’s stock valued at $246,000 after buying an additional 1,327 shares during the period. Scarborough Advisors LLC increased its holdings in shares of AB Conservative Buffer ETF by 200.3% during the 4th quarter. Scarborough Advisors LLC now owns 9,729 shares of the company’s stock worth $402,000 after buying an additional 6,489 shares during the last quarter. NewEdge Advisors LLC acquired a new stake in shares of AB Conservative Buffer ETF during the 1st quarter worth $426,000. Finally, Bailard Inc. purchased a new position in shares of AB Conservative Buffer ETF in the 4th quarter worth about $494,000.

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.