AB Conservative Buffer ETF (NASDAQ:BUFC) Hits New 52-Week High – Here’s Why

AB Conservative Buffer ETF (NASDAQ:BUFC)’s share price hit a new 52-week high during trading on Friday . The company traded as high as $39.52 and last traded at $39.50, with a volume of 28634 shares trading hands. The stock had previously closed at $39.33.

AB Conservative Buffer ETF Trading Up 0.4 %

The stock’s 50-day simple moving average is $39.26 and its 200-day simple moving average is $38.54.

Institutional Trading of AB Conservative Buffer ETF

An institutional investor recently raised its position in AB Conservative Buffer ETF stock. Quantum Private Wealth LLC lifted its holdings in AB Conservative Buffer ETF (NASDAQ:BUFC) by 54.5% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 17,000 shares of the company’s stock after purchasing an additional 6,000 shares during the period. Quantum Private Wealth LLC owned approximately 0.10% of AB Conservative Buffer ETF worth $656,000 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.