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

AB Conservative Buffer ETF (NASDAQ:BUFC)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as $42.59 and last traded at $42.59, with a volume of 1759 shares changing hands. The stock had previously closed at $42.37.

AB Conservative Buffer ETF Trading Up 0.5%

The stock’s fifty day moving average is $41.94 and its 200 day moving average is $41.48. The company has a market capitalization of $1.06 billion, a P/E ratio of 25.09 and a beta of 0.26.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Alliancebernstein L.P. raised its holdings in 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 worth $753,244,000 after purchasing an additional 186,458 shares in the last quarter. Legacy Wealth Advisors LLC bought a new position in AB Conservative Buffer ETF in the 4th quarter worth $6,726,000. HighTower Advisors LLC raised its holdings in AB Conservative Buffer ETF by 2.7% in the 4th quarter. HighTower Advisors LLC now owns 91,407 shares of the company’s stock worth $3,777,000 after purchasing an additional 2,423 shares in the last quarter. Susquehanna International Group LLP raised its holdings in AB Conservative Buffer ETF by 534.9% in 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. Finally, OLD Mission Capital LLC raised its holdings in AB Conservative Buffer ETF by 44.5% in the 4th quarter. OLD Mission Capital LLC now owns 32,056 shares of the company’s stock worth $1,325,000 after purchasing an additional 9,877 shares in the last quarter.

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.