AB Conservative Buffer ETF (NASDAQ:BUFC) Sets New 12-Month High – Still a Buy?

AB Conservative Buffer ETF (NASDAQ:BUFC) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $43.27 and last traded at $43.27, with a volume of 5713 shares changing hands. The stock had previously closed at $43.25.

AB Conservative Buffer ETF Stock Performance

The company has a market capitalization of $1.06 billion, a P/E ratio of 25.09 and a beta of 0.26. The company has a 50-day simple moving average of $42.61 and a 200 day simple moving average of $41.88.

Hedge Funds Weigh In On AB Conservative Buffer ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Rockefeller Capital Management L.P. acquired a new position in AB Conservative Buffer ETF during the 4th quarter valued at $218,000. Assetmark Inc. boosted its holdings in 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 during the period. Scarborough Advisors LLC grew its position in AB Conservative Buffer ETF by 200.3% in the 4th quarter. Scarborough Advisors LLC now owns 9,729 shares of the company’s stock worth $402,000 after purchasing an additional 6,489 shares during the last quarter. NewEdge Advisors LLC acquired a new stake in AB Conservative Buffer ETF in the 1st quarter worth $426,000. Finally, Bailard Inc. acquired a new stake in AB Conservative Buffer ETF in the 4th quarter worth $494,000.

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.