AB Conservative Buffer ETF (NASDAQ:BUFC – Get Free Report) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $41.50 and last traded at $41.4110, with a volume of 419 shares changing hands. The stock had previously closed at $41.38.
AB Conservative Buffer ETF Stock Performance
The company has a market cap of $1.00 billion, a price-to-earnings ratio of 25.09 and a beta of 0.24. The stock’s fifty day moving average is $41.07 and its two-hundred day moving average is $40.45.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the stock. Assetmark Inc. purchased a new stake in AB Conservative Buffer ETF in the 3rd quarter valued at $188,000. NewEdge Advisors LLC bought a new stake in shares of AB Conservative Buffer ETF in the 1st quarter worth $426,000. Ausdal Financial Partners Inc. grew its stake in shares of AB Conservative Buffer ETF by 9.8% in the 2nd quarter. Ausdal Financial Partners Inc. now owns 13,332 shares of the company’s stock worth $526,000 after acquiring an additional 1,190 shares in the last quarter. Susquehanna International Group LLP raised its holdings in shares of AB Conservative Buffer ETF by 534.9% in the third quarter. Susquehanna International Group LLP now owns 77,237 shares of the company’s stock valued at $3,138,000 after purchasing an additional 65,072 shares during the last quarter. Finally, Alliancebernstein L.P. raised its holdings in shares of AB Conservative Buffer ETF by 7.8% in the second quarter. Alliancebernstein L.P. now owns 18,352,653 shares of the company’s stock valued at $724,379,000 after purchasing an additional 1,333,501 shares during the last quarter.
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.
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