AB Conservative Buffer ETF (NASDAQ:BUFC) Reaches New 52-Week High – What’s Next?

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

AB Conservative Buffer ETF Stock Performance

The business’s 50 day moving average price is $42.15 and its 200-day moving average price is $41.55. 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

Hedge funds have recently added to or reduced their stakes in the business. Alliancebernstein L.P. boosted its stake 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 in the last quarter. Legacy Wealth Advisors LLC acquired a new stake in shares of AB Conservative Buffer ETF during the 4th quarter worth about $6,726,000. Susquehanna International Group LLP increased its position in shares of AB Conservative Buffer ETF by 534.9% during the 3rd quarter. Susquehanna International Group LLP now owns 77,237 shares of the company’s stock worth $3,138,000 after purchasing an additional 65,072 shares in the last quarter. N.E.W. Advisory Services LLC increased its position in shares of AB Conservative Buffer ETF by 320.6% during the 4th quarter. N.E.W. Advisory Services LLC now owns 20,799 shares of the company’s stock worth $860,000 after purchasing an additional 15,854 shares in the last quarter. Finally, Bailard Inc. bought a new position in AB Conservative Buffer ETF during the 4th quarter valued at about $494,000.

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.