AB Conservative Buffer ETF (NASDAQ:BUFC) Hits New 1-Year High – What’s Next?

AB Conservative Buffer ETF (NASDAQ:BUFC)’s share price hit a new 52-week high on Wednesday . The stock traded as high as $38.84 and last traded at $38.83, with a volume of 31349 shares trading hands. The stock had previously closed at $38.81.

AB Conservative Buffer ETF Trading Down 0.0 %

The firm’s 50-day moving average price is $38.43 and its two-hundred day moving average price is $37.62.

Institutional Trading of AB Conservative Buffer ETF

A hedge fund recently bought a new stake in AB Conservative Buffer ETF stock. N.E.W. Advisory Services LLC bought a new position in shares of AB Conservative Buffer ETF (NASDAQ:BUFC) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 21,307 shares of the company’s stock, valued at approximately $800,000. N.E.W. Advisory Services LLC owned approximately 0.14% of AB Conservative Buffer ETF at the end of the most recent quarter.

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.