AB Conservative Buffer ETF (NASDAQ:BUFC) Sees Large Volume Increase – Time to Buy?

AB Conservative Buffer ETF (NASDAQ:BUFC) shares saw strong trading volume on Wednesday . 124,871 shares changed hands during trading, an increase of 185% from the previous session’s volume of 43,798 shares.The stock last traded at $43.19 and had previously closed at $43.22.

AB Conservative Buffer ETF Price Performance

The stock’s 50 day moving average is $42.79 and its two-hundred day moving average is $41.99. The firm has a market capitalization of $1.06 billion, a P/E ratio of 25.09 and a beta of 0.26.

Institutional Trading of AB Conservative Buffer ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Rockefeller Capital Management L.P. acquired a new stake in shares of AB Conservative Buffer ETF during the fourth quarter worth $218,000. OLD Mission Capital LLC grew its position in shares of AB Conservative Buffer ETF by 44.5% during the 4th quarter. OLD Mission Capital LLC now owns 32,056 shares of the company’s stock worth $1,325,000 after buying an additional 9,877 shares during the period. Scarborough Advisors LLC increased its stake in shares of AB Conservative Buffer ETF by 200.3% in the 4th quarter. Scarborough Advisors LLC now owns 9,729 shares of the company’s stock valued at $402,000 after acquiring an additional 6,489 shares during the last quarter. Legacy Wealth Advisors LLC bought a new stake in shares of AB Conservative Buffer ETF in the 4th quarter valued at about $6,726,000. Finally, HighTower Advisors LLC raised its position in shares of AB Conservative Buffer ETF by 2.7% in the 4th quarter. HighTower Advisors LLC now owns 91,407 shares of the company’s stock valued at $3,777,000 after acquiring an additional 2,423 shares during the period.

AB Conservative Buffer ETF Company Profile

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.