AB Conservative Buffer ETF (NASDAQ:BUFC) Sees Large Volume Increase – Still a Buy?

Shares of AB Conservative Buffer ETF (NASDAQ:BUFC) saw unusually-high trading volume on Tuesday . Approximately 209,146 shares traded hands during mid-day trading, an increase of 361% from the previous session’s volume of 45,413 shares.The stock last traded at $42.30 and had previously closed at $42.51.

AB Conservative Buffer ETF Price Performance

The firm’s 50 day moving average is $41.54 and its two-hundred day moving average is $41.35. The firm has a market capitalization of $1.05 billion, a P/E ratio of 25.09 and a beta of 0.26.

Institutional Investors Weigh In On AB Conservative Buffer ETF

Several hedge funds have recently bought and sold shares of BUFC. Assetmark Inc. acquired a new stake in AB Conservative Buffer ETF in the 3rd quarter valued at about $188,000. Rockefeller Capital Management L.P. acquired a new stake in AB Conservative Buffer ETF in the 4th quarter valued at about $218,000. Scarborough Advisors LLC lifted its stake in AB Conservative Buffer ETF by 200.3% in the 4th quarter. Scarborough Advisors LLC now owns 9,729 shares of the company’s stock valued at $402,000 after purchasing an additional 6,489 shares during the last quarter. NewEdge Advisors LLC acquired a new stake in AB Conservative Buffer ETF in the 1st quarter valued at about $426,000. Finally, Bailard Inc. acquired a new stake in AB Conservative Buffer ETF in the 4th quarter valued at about $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.