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

AB Conservative Buffer ETF (NASDAQ:BUFC)’s share price reached a new 52-week high on Wednesday . The company traded as high as $39.51 and last traded at $39.44, with a volume of 48963 shares traded. The stock had previously closed at $39.40.

AB Conservative Buffer ETF Trading Up 0.2 %

The stock’s fifty day simple moving average is $38.95 and its 200-day simple moving average is $38.16.

Institutional Trading of AB Conservative Buffer ETF

A number of hedge funds have recently bought and sold shares of the stock. N.E.W. Advisory Services LLC bought a new stake in shares of AB Conservative Buffer ETF in the second quarter valued at about $800,000. Quantum Private Wealth LLC raised its holdings in AB Conservative Buffer ETF by 54.5% in the 3rd quarter. Quantum Private Wealth LLC now owns 17,000 shares of the company’s stock valued at $656,000 after acquiring an additional 6,000 shares in the last quarter. Finally, HighTower Advisors LLC bought a new stake in shares of AB Conservative Buffer ETF in the 3rd quarter worth approximately $3,250,000.

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.