AB Conservative Buffer ETF (NASDAQ:BUFC) Reaches New 52-Week High – What’s Next?

Shares of AB Conservative Buffer ETF (NASDAQ:BUFC) hit a new 52-week high on Thursday . The stock traded as high as $42.28 and last traded at $42.27, with a volume of 62180 shares trading hands. The stock had previously closed at $42.17.

AB Conservative Buffer ETF Price Performance

The stock has a market cap of $1.05 billion, a PE ratio of 25.09 and a beta of 0.26. The business has a 50 day moving average price of $41.41 and a two-hundred day moving average price of $41.30.

Institutional Investors Weigh In On AB Conservative Buffer ETF

Several institutional investors have recently added to or reduced their stakes in the company. Bailard Inc. purchased a new position in shares of AB Conservative Buffer ETF in the fourth quarter valued at about $494,000. Alliancebernstein L.P. boosted its holdings in shares of AB Conservative Buffer ETF by 1.0% during the third quarter. Alliancebernstein L.P. now owns 18,539,111 shares of the company’s stock worth $753,244,000 after purchasing an additional 186,458 shares during the period. N.E.W. Advisory Services LLC boosted its holdings in shares of AB Conservative Buffer ETF by 320.6% during the fourth quarter. N.E.W. Advisory Services LLC now owns 20,799 shares of the company’s stock worth $860,000 after purchasing an additional 15,854 shares during the period. Assetmark Inc. grew its stake in shares of AB Conservative Buffer ETF by 28.7% in the fourth quarter. Assetmark Inc. now owns 5,953 shares of the company’s stock worth $246,000 after purchasing an additional 1,327 shares during the last quarter. Finally, NewEdge Advisors LLC grew its stake in shares of AB Conservative Buffer ETF by 3.4% in the third quarter. NewEdge Advisors LLC now owns 11,398 shares of the company’s stock worth $463,000 after purchasing an additional 376 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.