AB Conservative Buffer ETF (NASDAQ:BUFC – Get Free Report) shares reached a new 52-week high during trading on Monday . The company traded as high as $41.71 and last traded at $41.66, with a volume of 159783 shares changing hands. The stock had previously closed at $41.52.
AB Conservative Buffer ETF Stock Up 0.4%
The stock has a 50-day simple moving average of $41.23 and a 200 day simple moving average of $40.63. The company has a market cap of $1.01 billion, a PE ratio of 25.09 and a beta of 0.24.
Hedge Funds Weigh In On AB Conservative Buffer ETF
Several large investors have recently made changes to their positions in BUFC. NewEdge Advisors LLC lifted its stake in AB Conservative Buffer ETF by 3.4% during the 3rd quarter. NewEdge Advisors LLC now owns 11,398 shares of the company’s stock worth $463,000 after acquiring an additional 376 shares in the last quarter. Ausdal Financial Partners Inc. grew its holdings in shares of 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 valued at $526,000 after purchasing an additional 1,190 shares in the last quarter. Assetmark Inc. increased its stake in AB Conservative Buffer ETF by 28.7% during the 4th quarter. Assetmark Inc. now owns 5,953 shares of the company’s stock worth $246,000 after buying an additional 1,327 shares during the period. Susquehanna International Group LLP increased its stake 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 worth $3,138,000 after buying an additional 65,072 shares during the period. Finally, Alliancebernstein L.P. lifted its holdings in AB Conservative Buffer ETF by 1.0% during the 3rd quarter. Alliancebernstein L.P. now owns 18,539,111 shares of the company’s stock worth $753,244,000 after buying an additional 186,458 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.
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