AB Conservative Buffer ETF (NASDAQ:BUFC) Sets New 12-Month High – What’s Next?

AB Conservative Buffer ETF (NASDAQ:BUFC)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $42.77 and last traded at $42.77, with a volume of 119 shares changing hands. The stock had previously closed at $42.67.

AB Conservative Buffer ETF Stock Up 0.2%

The stock has a market capitalization of $1.05 billion, a PE ratio of 25.09 and a beta of 0.26. The stock’s 50-day moving average is $42.41 and its 200 day moving average is $41.70.

Hedge Funds Weigh In On AB Conservative Buffer ETF

Several institutional investors and hedge funds have recently modified their holdings of BUFC. Legacy Wealth Advisors LLC purchased a new stake in shares of AB Conservative Buffer ETF during the fourth quarter worth $6,726,000. HighTower Advisors LLC increased its position in AB Conservative Buffer ETF by 2.7% in the 4th quarter. HighTower Advisors LLC now owns 91,407 shares of the company’s stock worth $3,777,000 after purchasing an additional 2,423 shares during the last quarter. Susquehanna International Group LLP increased its position in AB Conservative Buffer ETF by 534.9% in the 3rd quarter. Susquehanna International Group LLP now owns 77,237 shares of the company’s stock worth $3,138,000 after purchasing an additional 65,072 shares during the last quarter. OLD Mission Capital LLC raised its stake in shares of AB Conservative Buffer ETF by 44.5% during the 4th quarter. OLD Mission Capital LLC now owns 32,056 shares of the company’s stock worth $1,325,000 after purchasing an additional 9,877 shares in the last quarter. Finally, N.E.W. Advisory Services LLC lifted its holdings in shares of AB Conservative Buffer ETF by 320.6% during the 4th quarter. N.E.W. Advisory Services LLC now owns 20,799 shares of the company’s stock valued at $860,000 after buying an additional 15,854 shares during 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.