AB Conservative Buffer ETF (NASDAQ:BUFC) Sets 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 company traded as high as $40.10 and last traded at $39.97, with a volume of 32249 shares traded. The stock had previously closed at $39.90.

AB Conservative Buffer ETF Trading Down 0.4 %

The company’s fifty day moving average price is $39.49 and its two-hundred day moving average price is $38.88.

Institutional Trading of AB Conservative Buffer ETF

Institutional investors have recently modified their holdings of the company. Alliancebernstein L.P. raised its position in AB Conservative Buffer ETF by 11.5% in the fourth quarter. Alliancebernstein L.P. now owns 13,728,764 shares of the company’s stock valued at $537,756,000 after purchasing an additional 1,410,754 shares during the period. HighTower Advisors LLC purchased a new position in AB Conservative Buffer ETF in the 3rd quarter worth approximately $3,250,000. Susquehanna International Group LLP lifted its position in shares of AB Conservative Buffer ETF by 355.6% during the fourth quarter. Susquehanna International Group LLP now owns 44,889 shares of the company’s stock worth $1,758,000 after purchasing an additional 35,036 shares in the last quarter. OLD Mission Capital LLC purchased a new position in shares of AB Conservative Buffer ETF in the fourth quarter valued at $421,000. Finally, Quantum Private Wealth LLC grew its stake in shares of AB Conservative Buffer ETF by 54.5% during the third quarter. Quantum Private Wealth LLC now owns 17,000 shares of the company’s stock valued at $656,000 after acquiring an additional 6,000 shares in the last quarter.

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.