AB Conservative Buffer ETF (NASDAQ:BUFC) Sees Strong Trading Volume – Should You Buy?

AB Conservative Buffer ETF (NASDAQ:BUFCGet Free Report) saw unusually-high trading volume on Friday . Approximately 80,516 shares traded hands during trading, an increase of 54% from the previous session’s volume of 52,172 shares.The stock last traded at $39.17 and had previously closed at $39.20.

AB Conservative Buffer ETF Stock Performance

The business has a 50-day simple moving average of $38.90 and a 200 day simple moving average of $39.03. The firm has a market cap of $858.48 million, a P/E ratio of 25.09 and a beta of 0.22.

Hedge Funds Weigh In On AB Conservative Buffer ETF

Hedge funds have recently made changes to their positions in the business. Ancora Advisors LLC bought a new stake in AB Conservative Buffer ETF during the fourth quarter worth about $125,000. OLD Mission Capital LLC purchased a new stake in shares of AB Conservative Buffer ETF during the fourth quarter valued at $421,000. NewEdge Advisors LLC purchased a new stake in shares of AB Conservative Buffer ETF during the 1st quarter valued at about $426,000. Ausdal Financial Partners Inc. grew its position in AB Conservative Buffer ETF by 5.9% in the 4th quarter. Ausdal Financial Partners Inc. now owns 11,886 shares of the company’s stock worth $466,000 after purchasing an additional 663 shares during the period. Finally, N.E.W. Advisory Services LLC grew its holdings in shares of AB Conservative Buffer ETF by 93.8% in the first quarter. N.E.W. Advisory Services LLC now owns 42,260 shares of the company’s stock worth $1,634,000 after acquiring an additional 20,456 shares during the period.

About AB Conservative Buffer ETF

(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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