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

Shares of AB Conservative Buffer ETF (NASDAQ:BUFC) reached a new 52-week high during trading on Monday . The company traded as high as $41.50 and last traded at $41.4110, with a volume of 419 shares traded. The stock had previously closed at $41.38.

AB Conservative Buffer ETF Trading Up 0.2%

The company has a market cap of $990.66 million, a PE ratio of 25.09 and a beta of 0.24. The firm’s 50-day simple moving average is $41.05 and its two-hundred day simple moving average is $40.41.

Hedge Funds Weigh In On AB Conservative Buffer ETF

Hedge funds have recently made changes to their positions in the company. Alliancebernstein L.P. lifted its position in AB Conservative Buffer ETF by 7.8% during the 2nd quarter. Alliancebernstein L.P. now owns 18,352,653 shares of the company’s stock worth $724,379,000 after acquiring an additional 1,333,501 shares during the period. Assetmark Inc. acquired a new position in shares of AB Conservative Buffer ETF in the third quarter valued at about $188,000. NewEdge Advisors LLC raised 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. Susquehanna International Group LLP lifted 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 worth $3,138,000 after purchasing an additional 65,072 shares during the period. Finally, Ausdal Financial Partners Inc. raised its position in AB Conservative Buffer ETF by 9.8% during the 2nd quarter. Ausdal Financial Partners Inc. now owns 13,332 shares of the company’s stock worth $526,000 after buying an additional 1,190 shares during the last quarter.

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.