AB Conservative Buffer ETF (NASDAQ:BUFC) Sets New 1-Year High – What’s Next?

AB Conservative Buffer ETF (NASDAQ:BUFC)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as $39.20 and last traded at $39.20, with a volume of 56349 shares trading hands. The stock had previously closed at $39.07.

AB Conservative Buffer ETF Price Performance

The business has a 50 day moving average of $38.61 and a 200 day moving average of $37.82.

Institutional Inflows and Outflows

An institutional investor recently raised its position in AB Conservative Buffer ETF stock. Quantum Private Wealth LLC boosted its stake in AB Conservative Buffer ETF (NASDAQ:BUFC) by 54.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,000 shares of the company’s stock after buying an additional 6,000 shares during the period. Quantum Private Wealth LLC owned 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.