AB Conservative Buffer ETF (NASDAQ:BUFC) Sets New 1-Year High – Should You Buy?

AB Conservative Buffer ETF (NASDAQ:BUFC)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $38.77 and last traded at $38.76, with a volume of 10265 shares changing hands. The stock had previously closed at $38.69.

AB Conservative Buffer ETF Price Performance

The business has a 50-day moving average price of $38.25 and a 200 day moving average price of $37.46.

Institutional Inflows and Outflows

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

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.