AB Conservative Buffer ETF (NASDAQ:BUFC) Hits New 1-Year High – Time to Buy?

AB Conservative Buffer ETF (NASDAQ:BUFC)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $39.51 and last traded at $39.44, with a volume of 48963 shares changing hands. The stock had previously closed at $39.40.

AB Conservative Buffer ETF Stock Up 0.2 %

The company’s fifty day simple moving average is $38.95 and its 200-day simple moving average is $38.16.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Quantum Private Wealth LLC bought a new stake in shares of AB Conservative Buffer ETF in the 2nd quarter valued at approximately $413,000. N.E.W. Advisory Services LLC bought a new position in shares of AB Conservative Buffer ETF during the 2nd quarter worth approximately $800,000. Finally, HighTower Advisors LLC acquired a new stake in AB Conservative Buffer ETF in the 3rd quarter valued at $3,250,000.

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.