AB Conservative Buffer ETF (NASDAQ:BUFC – Get Free Report) shares saw an uptick in trading volume on Wednesday . 162,375 shares traded hands during mid-day trading, an increase of 233% from the previous session’s volume of 48,697 shares.The stock last traded at $42.54 and had previously closed at $42.49.
AB Conservative Buffer ETF Stock Performance
The company has a market cap of $1.06 billion, a price-to-earnings ratio of 25.09 and a beta of 0.26. The company has a fifty day moving average price of $41.73 and a two-hundred day moving average price of $41.41.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in BUFC. NewEdge Advisors LLC boosted its stake in AB Conservative Buffer ETF by 3.4% in the 3rd quarter. NewEdge Advisors LLC now owns 11,398 shares of the company’s stock valued at $463,000 after buying an additional 376 shares in the last quarter. Ausdal Financial Partners Inc. grew its position in AB Conservative Buffer ETF by 9.8% in the second quarter. Ausdal Financial Partners Inc. now owns 13,332 shares of the company’s stock valued at $526,000 after acquiring an additional 1,190 shares during the period. Assetmark Inc. raised its stake in AB Conservative Buffer ETF by 28.7% during the fourth quarter. Assetmark Inc. now owns 5,953 shares of the company’s stock worth $246,000 after acquiring an additional 1,327 shares in the last quarter. HighTower Advisors LLC raised its stake in AB Conservative Buffer ETF by 2.7% during the fourth quarter. HighTower Advisors LLC now owns 91,407 shares of the company’s stock worth $3,777,000 after acquiring an additional 2,423 shares in the last quarter. Finally, Rockefeller Capital Management L.P. bought a new position in shares of AB Conservative Buffer ETF during the fourth quarter valued at $218,000.
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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