Shares of AB Conservative Buffer ETF (NASDAQ:BUFC – Get Free Report) saw unusually-high trading volume on Wednesday . Approximately 73,458 shares were traded during trading, an increase of 51% from the previous session’s volume of 48,786 shares.The stock last traded at $41.52 and had previously closed at $41.43.
AB Conservative Buffer ETF Stock Down 0.1%
The company’s 50 day simple moving average is $41.09 and its two-hundred day simple moving average is $40.46. The company has a market capitalization of $1.00 billion, a price-to-earnings ratio of 25.09 and a beta of 0.24.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in BUFC. NewEdge Advisors LLC boosted its holdings in 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 acquiring an additional 376 shares in the last quarter. Susquehanna International Group LLP increased 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 valued at $3,138,000 after acquiring an additional 65,072 shares in the last quarter. Alliancebernstein L.P. raised its position 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 purchasing an additional 186,458 shares during the last quarter. Assetmark Inc. acquired a new stake in AB Conservative Buffer ETF in the 3rd quarter worth approximately $188,000. Finally, Ausdal Financial Partners Inc. boosted its stake in AB Conservative Buffer ETF by 9.8% in the 2nd quarter. Ausdal Financial Partners Inc. now owns 13,332 shares of the company’s stock worth $526,000 after purchasing an additional 1,190 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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