AB Conservative Buffer ETF (NASDAQ:BUFC) Reaches New 12-Month High – Time to Buy?

AB Conservative Buffer ETF (NASDAQ:BUFC)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $42.62 and last traded at $42.61, with a volume of 32119 shares. The stock had previously closed at $42.56.

AB Conservative Buffer ETF Stock Performance

The business’s fifty day simple moving average is $42.23 and its 200 day simple moving average is $41.59. The stock has a market cap of $1.06 billion, a price-to-earnings ratio of 25.09 and a beta of 0.26.

Institutional Trading of AB Conservative Buffer ETF

A number of hedge funds have recently made changes to their positions in the stock. Bailard Inc. acquired a new stake in AB Conservative Buffer ETF in the fourth quarter valued at $494,000. N.E.W. Advisory Services LLC increased its position in shares of AB Conservative Buffer ETF by 320.6% in the 4th 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 last quarter. Alliancebernstein L.P. raised its stake in shares of AB Conservative Buffer ETF by 1.0% in the 3rd 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 in the last quarter. Assetmark Inc. raised its stake in shares of AB Conservative Buffer ETF by 28.7% in the 4th quarter. Assetmark Inc. now owns 5,953 shares of the company’s stock valued at $246,000 after purchasing an additional 1,327 shares in the last quarter. Finally, OLD Mission Capital LLC lifted its position in shares of AB Conservative Buffer ETF by 44.5% during the fourth quarter. OLD Mission Capital LLC now owns 32,056 shares of the company’s stock worth $1,325,000 after purchasing an additional 9,877 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.