AB Conservative Buffer ETF (NASDAQ:BUFC) Sets New 52-Week High – Should You Buy?

AB Conservative Buffer ETF (NASDAQ:BUFC) reached a new 52-week high on Wednesday . The company traded as high as $39.51 and last traded at $39.44, with a volume of 48963 shares traded. The stock had previously closed at $39.40.

AB Conservative Buffer ETF Stock Up 0.1 %

The stock’s 50 day moving average price is $38.99 and its two-hundred day moving average price is $38.18.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. N.E.W. Advisory Services LLC acquired a new stake in AB Conservative Buffer ETF in the second quarter valued at approximately $800,000. Quantum Private Wealth LLC grew its position in shares of AB Conservative Buffer ETF by 54.5% in the third quarter. Quantum Private Wealth LLC now owns 17,000 shares of the company’s stock valued at $656,000 after purchasing an additional 6,000 shares during the last quarter. Finally, HighTower Advisors LLC acquired a new stake in AB Conservative Buffer ETF in the 3rd quarter valued at approximately $3,250,000.

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.