AB Conservative Buffer ETF (NASDAQ:BUFC) Sets New 12-Month High – What’s Next?

Shares of AB Conservative Buffer ETF (NASDAQ:BUFC) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $42.77 and last traded at $42.77, with a volume of 119 shares. The stock had previously closed at $42.67.

AB Conservative Buffer ETF Stock Performance

The company has a 50 day simple moving average of $42.38 and a 200 day simple moving average of $41.68. The company has a market capitalization of $1.05 billion, a PE ratio of 25.09 and a beta of 0.26.

Institutional Trading of AB Conservative Buffer ETF

Large investors have recently made changes to their positions in the company. Rockefeller Capital Management L.P. acquired a new position in AB Conservative Buffer ETF in the 4th quarter valued at $218,000. Assetmark Inc. boosted its stake in AB Conservative Buffer ETF by 28.7% during the 4th quarter. Assetmark Inc. now owns 5,953 shares of the company’s stock worth $246,000 after purchasing an additional 1,327 shares during the last quarter. Scarborough Advisors LLC boosted its stake in 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 purchasing an additional 6,489 shares during the last quarter. NewEdge Advisors LLC purchased a new stake in shares of AB Conservative Buffer ETF during the first quarter worth $426,000. Finally, Bailard Inc. purchased a new stake in shares of AB Conservative Buffer ETF during the fourth quarter worth $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.