AB Conservative Buffer ETF (NASDAQ:BUFC – Get Free Report) shares hit a new 52-week high during trading on Thursday . The stock traded as high as $42.28 and last traded at $42.27, with a volume of 62180 shares. The stock had previously closed at $42.17.
AB Conservative Buffer ETF Trading Up 0.3%
The company has a market cap of $1.05 billion, a price-to-earnings ratio of 25.09 and a beta of 0.26. The firm has a 50-day moving average price of $41.35 and a 200 day moving average price of $41.29.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of BUFC. Alliancebernstein L.P. boosted its holdings 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 buying an additional 186,458 shares during the period. Legacy Wealth Advisors LLC acquired a new position in AB Conservative Buffer ETF during the 4th quarter valued at approximately $6,726,000. Susquehanna International Group LLP boosted its position in AB Conservative Buffer ETF by 534.9% during the 3rd quarter. Susquehanna International Group LLP now owns 77,237 shares of the company’s stock valued at $3,138,000 after purchasing an additional 65,072 shares during the period. N.E.W. Advisory Services LLC boosted its position in AB Conservative Buffer ETF by 320.6% during the 4th quarter. N.E.W. Advisory Services LLC now owns 20,799 shares of the company’s stock valued at $860,000 after purchasing an additional 15,854 shares during the period. Finally, Bailard Inc. acquired a new position in AB Conservative Buffer ETF during the 4th quarter valued at approximately $494,000.
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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