AB Conservative Buffer ETF (NASDAQ:BUFC) Sets New 52-Week High – Should You Buy?

Shares of AB Conservative Buffer ETF (NASDAQ:BUFC) hit a new 52-week high on Wednesday . The stock traded as high as $39.51 and last traded at $39.44, with a volume of 48963 shares trading hands. The stock had previously closed at $39.40.

AB Conservative Buffer ETF Trading Up 0.1 %

The business has a fifty day moving average of $38.99 and a 200-day moving average of $38.18.

Hedge Funds Weigh In On AB Conservative Buffer ETF

Several hedge funds have recently made changes to their positions in the business. HighTower Advisors LLC bought a new stake in AB Conservative Buffer ETF during the third quarter worth approximately $3,250,000. N.E.W. Advisory Services LLC acquired a new stake in shares of AB Conservative Buffer ETF during the 2nd quarter valued at $800,000. Finally, Quantum Private Wealth LLC boosted its stake in shares of 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 acquiring an additional 6,000 shares in the last 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.