AB Conservative Buffer ETF (NASDAQ:BUFC – Get Free Report)’s stock price hit a new 52-week high on Friday . The stock traded as high as $42.82 and last traded at $42.82, with a volume of 178 shares traded. The stock had previously closed at $42.62.
AB Conservative Buffer ETF Price Performance
The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of 25.09 and a beta of 0.26. The business has a 50 day moving average of $42.51 and a 200 day moving average of $41.79.
Hedge Funds Weigh In On AB Conservative Buffer ETF
A number of hedge funds have recently made changes to their positions in the business. Bailard Inc. bought a new position in shares of AB Conservative Buffer ETF during the 4th quarter worth about $494,000. N.E.W. Advisory Services LLC increased its stake in AB Conservative Buffer ETF by 320.6% in the fourth quarter. N.E.W. Advisory Services LLC now owns 20,799 shares of the company’s stock valued at $860,000 after acquiring an additional 15,854 shares during the period. Assetmark Inc. increased its stake in AB Conservative Buffer ETF by 28.7% in the fourth quarter. Assetmark Inc. now owns 5,953 shares of the company’s stock valued at $246,000 after acquiring an additional 1,327 shares during the period. Legacy Wealth Advisors LLC acquired a new position in AB Conservative Buffer ETF in the fourth quarter worth about $6,726,000. Finally, Susquehanna International Group LLP raised its position in 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 worth $3,138,000 after purchasing an additional 65,072 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.
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