AB Conservative Buffer ETF (NASDAQ:BUFC) Sets New 52-Week High – Here’s Why

Shares of AB Conservative Buffer ETF (NASDAQ:BUFC) hit a new 52-week high during mid-day trading on Monday. The company traded as high as $43.53 and last traded at $43.56, with a volume of 6441 shares changing hands. The stock had previously closed at $43.47.

AB Conservative Buffer ETF Trading Up 0.2%

The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of 25.09 and a beta of 0.26. The company’s 50 day moving average is $43.19 and its 200-day moving average is $42.40.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in AB Conservative Buffer ETF stock. Rockefeller Capital Management L.P. purchased a new stake in AB Conservative Buffer ETF (NASDAQ:BUFC) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 5,282 shares of the company’s stock, valued at approximately $218,000.

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.