AB Conservative Buffer ETF (NASDAQ:BUFC) Sets New 12-Month High – Time to Buy?

AB Conservative Buffer ETF (NASDAQ:BUFC)’s share price reached a new 52-week high during trading on Friday . The stock traded as high as $39.52 and last traded at $39.50, with a volume of 28634 shares changing hands. The stock had previously closed at $39.33.

AB Conservative Buffer ETF Trading Up 0.4 %

The stock’s 50 day moving average price is $39.26 and its 200 day moving average price is $38.54.

Institutional Investors Weigh In On AB Conservative Buffer ETF

A hedge fund recently raised its stake in AB Conservative Buffer ETF stock. Quantum Private Wealth LLC boosted its holdings in shares of AB Conservative Buffer ETF (NASDAQ:BUFC) by 54.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,000 shares of the company’s stock after purchasing an additional 6,000 shares during the quarter. Quantum Private Wealth LLC owned approximately 0.10% of AB Conservative Buffer ETF worth $656,000 at the end of the most recent quarter.

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.