AB Conservative Buffer ETF (NASDAQ:BUFC – Get Free Report)’s share price reached a new 52-week high on Tuesday . The company traded as high as $42.71 and last traded at $42.67, with a volume of 56355 shares traded. The stock had previously closed at $42.53.
AB Conservative Buffer ETF Trading Up 0.3%
The company has a fifty day moving average price of $42.30 and a two-hundred day moving average price of $41.63. The company has a market cap of $1.05 billion, a price-to-earnings ratio of 25.09 and a beta of 0.26.
Hedge Funds Weigh In On AB Conservative Buffer ETF
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Rockefeller Capital Management L.P. bought a new stake in AB Conservative Buffer ETF in the fourth quarter valued at about $218,000. Assetmark Inc. boosted its holdings in AB Conservative Buffer ETF by 28.7% during the fourth quarter. Assetmark Inc. now owns 5,953 shares of the company’s stock valued at $246,000 after purchasing an additional 1,327 shares in the last quarter. Scarborough Advisors LLC grew 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 purchasing an additional 6,489 shares during the period. NewEdge Advisors LLC bought a new stake in shares of AB Conservative Buffer ETF in the 1st quarter valued at approximately $426,000. Finally, Bailard Inc. acquired a new position in shares of AB Conservative Buffer ETF in the 4th quarter worth approximately $494,000.
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.
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