Shares of AB Conservative Buffer ETF (NASDAQ:BUFC – Get Free Report) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $42.28 and last traded at $42.27, with a volume of 62180 shares traded. The stock had previously closed at $42.17.
AB Conservative Buffer ETF Trading Up 0.3%
The stock has a 50-day simple moving average of $41.35 and a 200-day simple moving average of $41.29. The company has a market cap of $1.05 billion, a price-to-earnings ratio of 25.09 and a beta of 0.26.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. Bailard Inc. bought a new position in shares of AB Conservative Buffer ETF in the fourth quarter valued at approximately $494,000. Alliancebernstein L.P. boosted its stake in AB Conservative Buffer ETF by 1.0% during the third 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 in the last quarter. N.E.W. Advisory Services LLC boosted its stake in AB Conservative Buffer ETF by 320.6% during the fourth quarter. N.E.W. Advisory Services LLC now owns 20,799 shares of the company’s stock valued at $860,000 after buying an additional 15,854 shares in the last quarter. Assetmark Inc. boosted its stake in AB Conservative Buffer ETF by 28.7% during the fourth quarter. Assetmark Inc. now owns 5,953 shares of the company’s stock valued at $246,000 after buying an additional 1,327 shares in the last quarter. Finally, OLD Mission Capital LLC boosted its stake in AB Conservative Buffer ETF by 44.5% during the fourth quarter. OLD Mission Capital LLC now owns 32,056 shares of the company’s stock valued at $1,325,000 after buying an additional 9,877 shares in the last quarter.
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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