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

AB Conservative Buffer ETF (NASDAQ:BUFC)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $38.91 and last traded at $38.91, with a volume of 8766 shares traded. The stock had previously closed at $38.83.

AB Conservative Buffer ETF Stock Performance

The business’s 50-day moving average is $38.46 and its two-hundred day moving average is $37.70.

Hedge Funds Weigh In On AB Conservative Buffer ETF

A hedge fund recently bought a new stake in AB Conservative Buffer ETF stock. N.E.W. Advisory Services LLC purchased a new stake in shares of AB Conservative Buffer ETF (NASDAQ:BUFC) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 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 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.