AB Conservative Buffer ETF (NASDAQ:BUFC) Reaches New 1-Year High – What’s Next?

AB Conservative Buffer ETF (NASDAQ:BUFC) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $41.16 and last traded at $37.16, with a volume of 3892 shares trading hands. The stock had previously closed at $37.31.

AB Conservative Buffer ETF Price Performance

The firm has a market cap of $828.14 million, a P/E ratio of 26.22 and a beta of 0.22. The firm’s 50 day moving average is $38.91 and its 200 day moving average is $39.03.

Institutional Trading of AB Conservative Buffer ETF

A number of hedge funds have recently made changes to their positions in BUFC. Alliancebernstein L.P. boosted its holdings 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 worth $537,756,000 after acquiring an additional 1,410,754 shares in the last quarter. HighTower Advisors LLC grew its position in AB Conservative Buffer ETF by 2.6% during the 4th quarter. HighTower Advisors LLC now owns 86,364 shares of the company’s stock valued at $3,383,000 after purchasing an additional 2,225 shares during the last quarter. Susquehanna International Group LLP increased its stake in AB Conservative Buffer ETF by 355.6% during the 4th quarter. Susquehanna International Group LLP now owns 44,889 shares of the company’s stock valued at $1,758,000 after purchasing an additional 35,036 shares in the last quarter. Ausdal Financial Partners Inc. raised its holdings in AB Conservative Buffer ETF by 5.9% in the fourth quarter. Ausdal Financial Partners Inc. now owns 11,886 shares of the company’s stock worth $466,000 after buying an additional 663 shares during the last quarter. Finally, OLD Mission Capital LLC purchased a new position in AB Conservative Buffer ETF in the fourth quarter worth about $421,000.

About AB Conservative Buffer ETF

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.