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

AB Conservative Buffer ETF (NASDAQ:BUFCGet Free Report)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $42.62 and last traded at $42.61, with a volume of 32119 shares. The stock had previously closed at $42.56.

AB Conservative Buffer ETF Price Performance

The stock’s 50-day moving average is $42.27 and its 200-day moving average is $41.61. The stock has a market cap of $1.05 billion, a price-to-earnings ratio of 25.09 and a beta of 0.26.

Institutional Investors Weigh In On AB Conservative Buffer ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Rockefeller Capital Management L.P. bought a new stake in shares of AB Conservative Buffer ETF in the 4th quarter worth about $218,000. Assetmark Inc. increased its holdings in shares of AB Conservative Buffer ETF by 28.7% during the fourth quarter. Assetmark Inc. now owns 5,953 shares of the company’s stock worth $246,000 after buying an additional 1,327 shares in the last quarter. Scarborough Advisors LLC raised its stake in shares of AB Conservative Buffer ETF by 200.3% in the fourth 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. NewEdge Advisors LLC acquired a new position in shares of AB Conservative Buffer ETF in the 1st quarter worth approximately $426,000. Finally, Bailard Inc. bought a new stake in AB Conservative Buffer ETF during the 4th quarter worth approximately $494,000.

AB Conservative Buffer ETF Company Profile

(Get Free Report)

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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