Shares of AB Conservative Buffer ETF (NASDAQ:BUFC – Get Free Report) saw strong trading volume on Tuesday . 127,994 shares were traded during trading, an increase of 167% from the previous session’s volume of 47,940 shares.The stock last traded at $42.36 and had previously closed at $42.22.
AB Conservative Buffer ETF Price Performance
The business has a 50 day moving average of $41.79 and a 200 day moving average of $41.43. The company has a market cap of $1.05 billion, a PE ratio of 25.09 and a beta of 0.26.
Institutional Trading of AB Conservative Buffer ETF
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Alliancebernstein L.P. lifted its stake in AB Conservative Buffer ETF by 1.0% in the third quarter. Alliancebernstein L.P. now owns 18,539,111 shares of the company’s stock worth $753,244,000 after acquiring an additional 186,458 shares during the period. Legacy Wealth Advisors LLC purchased a new stake in AB Conservative Buffer ETF in the fourth quarter worth $6,726,000. HighTower Advisors LLC lifted its stake in AB Conservative Buffer ETF by 2.7% in the fourth quarter. HighTower Advisors LLC now owns 91,407 shares of the company’s stock worth $3,777,000 after acquiring an additional 2,423 shares during the period. Susquehanna International Group LLP lifted its stake in AB Conservative Buffer ETF by 534.9% in the third quarter. Susquehanna International Group LLP now owns 77,237 shares of the company’s stock worth $3,138,000 after acquiring an additional 65,072 shares during the period. Finally, OLD Mission Capital LLC lifted its stake in AB Conservative Buffer ETF by 44.5% in the fourth quarter. OLD Mission Capital LLC now owns 32,056 shares of the company’s stock worth $1,325,000 after acquiring an additional 9,877 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.
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