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

Shares of AB Conservative Buffer ETF (NASDAQ:BUFC) saw unusually-high trading volume on Tuesday . Approximately 301,262 shares changed hands during mid-day trading, an increase of 565% from the previous session’s volume of 45,270 shares.The stock last traded at $41.4310 and had previously closed at $41.39.

AB Conservative Buffer ETF Stock Performance

The company has a fifty day simple moving average of $41.45 and a two-hundred day simple moving average of $40.86. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of 25.09 and a beta of 0.24.

Institutional Investors Weigh In On AB Conservative Buffer ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Alliancebernstein L.P. raised its position in AB Conservative Buffer ETF by 1.0% in the third quarter. Alliancebernstein L.P. now owns 18,539,111 shares of the company’s stock valued at $753,244,000 after purchasing an additional 186,458 shares during the last quarter. Legacy Wealth Advisors LLC acquired a new stake in AB Conservative Buffer ETF during the fourth quarter worth approximately $6,726,000. HighTower Advisors LLC increased its stake in shares of AB Conservative Buffer ETF by 2.7% in the 4th quarter. HighTower Advisors LLC now owns 91,407 shares of the company’s stock valued at $3,777,000 after acquiring an additional 2,423 shares in the last quarter. Susquehanna International Group LLP raised its holdings in shares of AB Conservative Buffer ETF by 534.9% during 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 period. Finally, OLD Mission Capital LLC boosted its holdings in AB Conservative Buffer ETF by 44.5% in the fourth quarter. OLD Mission Capital LLC now owns 32,056 shares of the company’s stock worth $1,325,000 after acquiring an additional 9,877 shares in 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.