AB Conservative Buffer ETF (NASDAQ:BUFC) Sets New 12-Month High – Here’s What Happened

Shares of AB Conservative Buffer ETF (NASDAQ:BUFC) hit a new 52-week high during trading on Wednesday . The stock traded as high as $40.10 and last traded at $39.97, with a volume of 32249 shares traded. The stock had previously closed at $39.90.

AB Conservative Buffer ETF Trading Down 0.4 %

The company has a 50 day simple moving average of $39.49 and a 200-day simple moving average of $38.88.

Institutional Trading of AB Conservative Buffer ETF

A number of institutional investors and hedge funds have recently modified their holdings of the business. Ausdal Financial Partners Inc. lifted its holdings in AB Conservative Buffer ETF by 5.9% in the fourth quarter. Ausdal Financial Partners Inc. now owns 11,886 shares of the company’s stock worth $466,000 after acquiring an additional 663 shares during the last quarter. HighTower Advisors LLC lifted its holdings in shares of AB Conservative Buffer ETF by 2.6% in the 4th quarter. HighTower Advisors LLC now owns 86,364 shares of the company’s stock worth $3,383,000 after purchasing an additional 2,225 shares during the last quarter. Ancora Advisors LLC acquired a new position in AB Conservative Buffer ETF during the 4th quarter valued at approximately $125,000. Quantum Private Wealth LLC grew its stake in AB Conservative Buffer ETF by 54.5% during the 3rd quarter. Quantum Private Wealth LLC now owns 17,000 shares of the company’s stock worth $656,000 after buying an additional 6,000 shares during the last quarter. Finally, OLD Mission Capital LLC bought a new stake in AB Conservative Buffer ETF in the fourth quarter valued at $421,000.

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.