AB Conservative Buffer ETF (NASDAQ:BUFC) Hits New 52-Week High – Still a Buy?

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

AB Conservative Buffer ETF Trading Up 0.2 %

The company has a 50-day moving average of $39.29 and a 200 day moving average of $38.59.

Institutional Investors Weigh In On AB Conservative Buffer ETF

A hedge fund recently bought a new stake in AB Conservative Buffer ETF stock. HighTower Advisors LLC acquired a new position in shares of AB Conservative Buffer ETF (NASDAQ:BUFC) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 84,139 shares of the company’s stock, valued at approximately $3,250,000. HighTower Advisors LLC owned about 0.49% of AB Conservative Buffer ETF at the end of the most recent quarter.

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.