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

AB Conservative Buffer ETF (NASDAQ:BUFC) reached a new 52-week high on Monday . The company traded as high as $39.39 and last traded at $39.38, with a volume of 47618 shares trading hands. The stock had previously closed at $39.27.

AB Conservative Buffer ETF Stock Up 0.1 %

The company has a fifty day moving average price of $38.82 and a 200-day moving average price of $38.04.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of BUFC. HighTower Advisors LLC purchased a new position in shares of AB Conservative Buffer ETF during the 3rd quarter valued at approximately $3,250,000. Quantum Private Wealth LLC increased its position in shares of AB Conservative Buffer ETF by 54.5% in the third quarter. Quantum Private Wealth LLC now owns 17,000 shares of the company’s stock valued at $656,000 after buying an additional 6,000 shares in the last quarter. Finally, N.E.W. Advisory Services LLC acquired a new position in AB Conservative Buffer ETF during the second quarter worth $800,000.

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.