AB Conservative Buffer ETF (NASDAQ:BUFC) Reaches New 1-Year High – Here’s What Happened

AB Conservative Buffer ETF (NASDAQ:BUFC)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $42.62 and last traded at $42.62, with a volume of 1154 shares traded. The stock had previously closed at $42.37.

AB Conservative Buffer ETF Price Performance

The firm has a market capitalization of $1.05 billion, a PE ratio of 25.09 and a beta of 0.26. The company’s fifty day simple moving average is $42.10 and its 200-day simple moving average is $41.53.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of BUFC. NewEdge Advisors LLC acquired a new position in AB Conservative Buffer ETF during the 1st quarter worth $426,000. Ausdal Financial Partners Inc. boosted its stake in 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 acquiring an additional 1,190 shares in the last quarter. Assetmark Inc. purchased a new position in AB Conservative Buffer ETF during the 3rd quarter worth approximately $188,000. Alliancebernstein L.P. increased its holdings 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 acquiring an additional 186,458 shares during the period. Finally, Susquehanna International Group LLP boosted its stake 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 worth $3,138,000 after buying an additional 65,072 shares during the period.

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.