N.E.W. Advisory Services LLC Acquires New Shares in AB Conservative Buffer ETF (NASDAQ:BUFC)

N.E.W. Advisory Services LLC acquired a new stake in AB Conservative Buffer ETF (NASDAQ:BUFC) in the second quarter, Holdings Channel reports. The institutional investor acquired 21,307 shares of the company’s stock, valued at approximately $800,000.

Separately, Quantum Private Wealth LLC bought a new stake in AB Conservative Buffer ETF in the second quarter valued at about $413,000.

AB Conservative Buffer ETF Trading Up 0.1 %

NASDAQ BUFC opened at $37.99 on Friday. The stock has a 50-day simple moving average of $37.75 and a 200 day simple moving average of $37.00. AB Conservative Buffer ETF has a 12 month low of $35.11 and a 12 month high of $38.23.

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.