AB Conservative Buffer ETF (NASDAQ:BUFC – Get Free Report) shares traded down 0.1% during mid-day trading on Friday . The company traded as low as $40.73 and last traded at $40.80. 31,936 shares traded hands during trading, a decline of 47% from the average session volume of 60,232 shares. The stock had previously closed at $40.85.
AB Conservative Buffer ETF Trading Down 0.1%
The company has a 50-day simple moving average of $40.57 and a 200 day simple moving average of $39.82. The company has a market cap of $954.72 million, a P/E ratio of 25.09 and a beta of 0.24.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in BUFC. Assetmark Inc. purchased a new stake in AB Conservative Buffer ETF in the 3rd quarter valued at about $188,000. NewEdge Advisors LLC bought a new stake in shares of AB Conservative Buffer ETF during the first quarter valued at approximately $426,000. Ausdal Financial Partners Inc. boosted its holdings in shares of AB Conservative Buffer ETF by 9.8% in the second quarter. Ausdal Financial Partners Inc. now owns 13,332 shares of the company’s stock valued at $526,000 after purchasing an additional 1,190 shares during the period. N.E.W. Advisory Services LLC boosted its holdings in shares of AB Conservative Buffer ETF by 93.8% in the first quarter. N.E.W. Advisory Services LLC now owns 42,260 shares of the company’s stock valued at $1,634,000 after purchasing an additional 20,456 shares during the period. Finally, HighTower Advisors LLC grew its stake in AB Conservative Buffer ETF by 55.6% in the first quarter. HighTower Advisors LLC now owns 134,355 shares of the company’s stock worth $5,196,000 after purchasing an additional 47,991 shares in 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.
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