Shares of AB Conservative Buffer ETF (NASDAQ:BUFC – Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $42.16 and last traded at $42.08, with a volume of 38558 shares changing hands. The stock had previously closed at $42.14.
AB Conservative Buffer ETF Stock Down 0.1%
The company’s fifty day moving average price is $41.19 and its 200-day moving average price is $41.22. The stock has a market capitalization of $1.04 billion, a PE ratio of 25.09 and a beta of 0.26.
Hedge Funds Weigh In On AB Conservative Buffer ETF
Large investors have recently made changes to their positions in the business. Alliancebernstein L.P. lifted its holdings in shares of AB Conservative Buffer ETF by 1.0% during the third quarter. Alliancebernstein L.P. now owns 18,539,111 shares of the company’s stock valued at $753,244,000 after purchasing an additional 186,458 shares during the last quarter. N.E.W. Advisory Services LLC increased its position in shares of AB Conservative Buffer ETF by 320.6% during the fourth quarter. N.E.W. Advisory Services LLC now owns 20,799 shares of the company’s stock valued at $860,000 after acquiring an additional 15,854 shares in the last quarter. Assetmark Inc. increased its position in shares of AB Conservative Buffer ETF by 28.7% during the fourth quarter. Assetmark Inc. now owns 5,953 shares of the company’s stock valued at $246,000 after acquiring an additional 1,327 shares in the last quarter. Susquehanna International Group LLP increased its position in shares of AB Conservative Buffer ETF by 534.9% during the third quarter. Susquehanna International Group LLP now owns 77,237 shares of the company’s stock valued at $3,138,000 after acquiring an additional 65,072 shares in the last quarter. Finally, Legacy Wealth Advisors LLC bought a new stake in shares of AB Conservative Buffer ETF during the fourth quarter valued at approximately $6,726,000.
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.
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