AB Conservative Buffer ETF (NASDAQ:BUFC) Reaches New 12-Month High – Here’s What Happened

AB Conservative Buffer ETF (NASDAQ:BUFC) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $39.52 and last traded at $39.50, with a volume of 28634 shares. The stock had previously closed at $39.33.

AB Conservative Buffer ETF Stock Up 0.4 %

The business’s 50 day moving average is $39.25 and its 200-day moving average is $38.52.

Institutional Investors Weigh In On AB Conservative Buffer ETF

An institutional investor recently bought a new position in AB Conservative Buffer ETF stock. HighTower Advisors LLC bought a new stake in AB Conservative Buffer ETF (NASDAQ:BUFC) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 84,139 shares of the company’s stock, valued at approximately $3,250,000. HighTower Advisors LLC owned 0.49% of AB Conservative Buffer ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

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.