AB Conservative Buffer ETF (NASDAQ:BUFC) Hits New 52-Week High – Here’s What Happened

AB Conservative Buffer ETF (NASDAQ:BUFC)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $39.21 and last traded at $39.19, with a volume of 34729 shares changing hands. The stock had previously closed at $39.17.

AB Conservative Buffer ETF Stock Up 0.1 %

The firm has a fifty day moving average of $38.77 and a 200-day moving average of $37.99.

Institutional Investors Weigh In On AB Conservative Buffer ETF

Several institutional investors have recently modified their holdings of BUFC. Quantum Private Wealth LLC grew its stake in shares of AB Conservative Buffer ETF by 54.5% during the third quarter. Quantum Private Wealth LLC now owns 17,000 shares of the company’s stock worth $656,000 after purchasing an additional 6,000 shares during the period. N.E.W. Advisory Services LLC acquired a new position in shares of AB Conservative Buffer ETF during the 2nd quarter worth about $800,000. Finally, HighTower Advisors LLC bought a new stake in shares of AB Conservative Buffer ETF in the 3rd quarter valued at about $3,250,000.

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.