AB Conservative Buffer ETF (NASDAQ:BUFC) Sets New 12-Month High – Here’s What Happened

AB Conservative Buffer ETF (NASDAQ:BUFC) reached a new 52-week high on Thursday . The stock traded as high as $39.70 and last traded at $39.69, with a volume of 22000 shares changing hands. The stock had previously closed at $39.61.

AB Conservative Buffer ETF Trading Up 0.1 %

The stock has a fifty day moving average of $39.32 and a 200-day moving average of $38.61.

Hedge Funds Weigh In On AB Conservative Buffer ETF

An institutional investor recently raised its position in AB Conservative Buffer ETF stock. Quantum Private Wealth LLC boosted its holdings in shares of AB Conservative Buffer ETF (NASDAQ:BUFC) by 54.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,000 shares of the company’s stock after acquiring an additional 6,000 shares during the quarter. Quantum Private Wealth LLC owned 0.10% of AB Conservative Buffer ETF worth $656,000 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.