AB Conservative Buffer ETF (NASDAQ:BUFC) Reaches New 52-Week High – Here’s Why

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

AB Conservative Buffer ETF Price Performance

The firm’s 50 day simple moving average is $42.64 and its 200-day simple moving average is $41.91. The company 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 large investors have recently made changes to their positions in BUFC. Rockefeller Capital Management L.P. purchased a new position in AB Conservative Buffer ETF during the 4th quarter worth approximately $218,000. Assetmark Inc. increased its position in AB Conservative Buffer ETF by 28.7% during the fourth quarter. Assetmark Inc. now owns 5,953 shares of the company’s stock worth $246,000 after buying an additional 1,327 shares during the period. Scarborough Advisors LLC lifted its stake in AB Conservative Buffer ETF by 200.3% in the fourth quarter. Scarborough Advisors LLC now owns 9,729 shares of the company’s stock valued at $402,000 after buying an additional 6,489 shares during the last quarter. NewEdge Advisors LLC purchased a new stake in AB Conservative Buffer ETF in the first quarter valued at approximately $426,000. Finally, Bailard Inc. acquired a new stake in shares of AB Conservative Buffer ETF in the fourth 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.