AB Conservative Buffer ETF (NASDAQ:BUFC – Get Free Report) saw strong trading volume on Tuesday . 127,994 shares traded hands during mid-day trading, an increase of 167% from the previous session’s volume of 47,940 shares.The stock last traded at $42.36 and had previously closed at $42.22.
AB Conservative Buffer ETF Price Performance
The firm has a market cap of $1.05 billion, a PE ratio of 25.09 and a beta of 0.26. The firm has a 50-day simple moving average of $41.79 and a 200 day simple moving average of $41.43.
Hedge Funds Weigh In On AB Conservative Buffer ETF
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. NewEdge Advisors LLC lifted its position in AB Conservative Buffer ETF by 3.4% during the third quarter. NewEdge Advisors LLC now owns 11,398 shares of the company’s stock valued at $463,000 after buying an additional 376 shares during the period. Ausdal Financial Partners Inc. lifted its position in AB Conservative Buffer ETF by 9.8% during the second quarter. Ausdal Financial Partners Inc. now owns 13,332 shares of the company’s stock valued at $526,000 after buying an additional 1,190 shares during the period. Assetmark Inc. grew its stake in shares of AB Conservative Buffer ETF by 28.7% in the 4th 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 last quarter. HighTower Advisors LLC grew its stake in shares of 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 buying an additional 2,423 shares during the last quarter. Finally, Rockefeller Capital Management L.P. purchased a new stake in shares of AB Conservative Buffer ETF in the 4th quarter worth approximately $218,000.
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.
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