AB Conservative Buffer ETF (NASDAQ:BUFC) Sees Strong Trading Volume – Here’s Why

Shares of AB Conservative Buffer ETF (NASDAQ:BUFC) saw an uptick in trading volume on Monday . 519,601 shares traded hands during trading, an increase of 1,109% from the previous session’s volume of 42,974 shares.The stock last traded at $43.2160 and had previously closed at $43.28.

AB Conservative Buffer ETF Trading Down 0.1%

The business’s fifty day simple moving average is $43.00 and its 200-day simple moving average is $42.16. The firm has a market cap of $1.06 billion, a P/E ratio of 25.09 and a beta of 0.26.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Legacy Wealth Advisors LLC purchased a new position in AB Conservative Buffer ETF in the 4th quarter worth $6,726,000. HighTower Advisors LLC increased its position in shares of AB Conservative Buffer ETF by 2.7% in the fourth quarter. HighTower Advisors LLC now owns 91,407 shares of the company’s stock valued at $3,777,000 after acquiring an additional 2,423 shares during the period. Susquehanna International Group LLP raised its position in 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 valued at $3,138,000 after purchasing an additional 65,072 shares during the last quarter. OLD Mission Capital LLC lifted its stake in AB Conservative Buffer ETF by 44.5% in the fourth quarter. OLD Mission Capital LLC now owns 32,056 shares of the company’s stock worth $1,325,000 after acquiring an additional 9,877 shares during the period. Finally, Ausdal Financial Partners Inc. lifted 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 worth $526,000 after acquiring an additional 1,190 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.