AB Conservative Buffer ETF (NASDAQ:BUFC) Sets New 1-Year High – Here’s What Happened

AB Conservative Buffer ETF (NASDAQ:BUFC) shares hit a new 52-week high on Monday . The company traded as high as $42.59 and last traded at $42.59, with a volume of 1759 shares changing hands. The stock had previously closed at $42.37.

AB Conservative Buffer ETF Price Performance

The stock has a market capitalization of $1.05 billion, a PE ratio of 25.09 and a beta of 0.26. The business’s fifty day moving average price is $42.01 and its two-hundred day moving average price is $41.50.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BUFC. Assetmark Inc. acquired a new position in AB Conservative Buffer ETF during the third quarter valued at $188,000. Rockefeller Capital Management L.P. acquired a new position in AB Conservative Buffer ETF during the fourth quarter valued at $218,000. Scarborough Advisors LLC lifted its position in AB Conservative Buffer ETF by 200.3% during the fourth 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 period. NewEdge Advisors LLC acquired a new position in AB Conservative Buffer ETF during the first quarter valued at $426,000. Finally, Bailard Inc. acquired a new position in AB Conservative Buffer ETF during the fourth quarter valued at $494,000.

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.