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

Shares of AB Conservative Buffer ETF (NASDAQ:BUFC) reached a new 52-week high during trading on Tuesday . The company traded as high as $38.84 and last traded at $38.83, with a volume of 201330 shares traded. The stock had previously closed at $38.83.

AB Conservative Buffer ETF Price Performance

The business’s 50 day moving average is $38.30 and its 200 day moving average is $37.51.

Institutional Trading of AB Conservative Buffer ETF

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

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.