AB Conservative Buffer ETF (NASDAQ:BUFC) Hits New 1-Year High – What’s Next?

AB Conservative Buffer ETF (NASDAQ:BUFC) shares hit a new 52-week high on Monday . The company traded as high as $42.62 and last traded at $42.62, with a volume of 1154 shares trading hands. The stock had previously closed at $42.37.

AB Conservative Buffer ETF Stock Down 0.0%

The firm has a market cap of $1.05 billion, a PE ratio of 25.09 and a beta of 0.26. The firm’s fifty day simple moving average is $42.10 and its two-hundred day simple moving average is $41.53.

Institutional Investors Weigh In On AB Conservative Buffer ETF

Institutional investors have recently made changes to their positions in the company. Alliancebernstein L.P. increased its stake 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 valued at $753,244,000 after buying an additional 186,458 shares during the period. Legacy Wealth Advisors LLC acquired a new stake in AB Conservative Buffer ETF in the fourth quarter worth about $6,726,000. HighTower Advisors LLC boosted its stake in AB Conservative Buffer ETF by 2.7% in the 4th quarter. HighTower Advisors LLC now owns 91,407 shares of the company’s stock worth $3,777,000 after purchasing an additional 2,423 shares in the last quarter. Susquehanna International Group LLP grew 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 buying an additional 65,072 shares during the last quarter. Finally, OLD Mission Capital LLC increased its holdings in shares of 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 valued at $1,325,000 after purchasing an additional 9,877 shares during the period.

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.