AB Conservative Buffer ETF (NASDAQ:BUFC) Hits New 52-Week High – Still a Buy?

Shares of AB Conservative Buffer ETF (NASDAQ:BUFC) hit a new 52-week high during trading on Friday . The company traded as high as $41.81 and last traded at $41.81, with a volume of 296 shares traded. The stock had previously closed at $41.75.

AB Conservative Buffer ETF Price Performance

The stock has a 50-day moving average of $41.08 and a 200 day moving average of $41.12. The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of 25.09 and a beta of 0.25.

Institutional Trading of AB Conservative Buffer ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BUFC. Assetmark Inc. acquired a new stake in AB Conservative Buffer ETF in the third quarter worth about $188,000. Rockefeller Capital Management L.P. acquired a new position in shares of AB Conservative Buffer ETF during the 4th quarter worth about $218,000. Scarborough Advisors LLC grew its position in shares of AB Conservative Buffer ETF by 200.3% during the 4th quarter. Scarborough Advisors LLC now owns 9,729 shares of the company’s stock worth $402,000 after buying an additional 6,489 shares during the period. NewEdge Advisors LLC acquired a new position in shares of AB Conservative Buffer ETF during the 1st quarter worth about $426,000. Finally, Bailard Inc. acquired a new position in shares of AB Conservative Buffer ETF during the 4th quarter worth about $494,000.

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.