AB Conservative Buffer ETF (NASDAQ:BUFC) Reaches New 1-Year High – Time to Buy?

AB Conservative Buffer ETF (NASDAQ:BUFCGet Free Report)’s stock price hit a new 52-week high on Monday . The company traded as high as $43.45 and last traded at $43.4650, with a volume of 3451 shares changing hands. The stock had previously closed at $43.26.

AB Conservative Buffer ETF Price Performance

The stock’s 50 day simple moving average is $43.05 and its two-hundred day simple moving average is $42.22. The company has a market capitalization of $1.08 billion, a P/E ratio of 25.09 and a beta of 0.26.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in AB Conservative Buffer ETF stock. Rockefeller Capital Management L.P. bought a new stake in AB Conservative Buffer ETF (NASDAQ:BUFCFree Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 5,282 shares of the company’s stock, valued at approximately $218,000.

About AB Conservative Buffer ETF

(Get Free Report)

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.

Further Reading

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