AB Conservative Buffer ETF (NASDAQ:BUFC) Hits New 1-Year High – Should You Buy?

Shares of AB Conservative Buffer ETF (NASDAQ:BUFC) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $38.68 and last traded at $38.67, with a volume of 6061 shares. The stock had previously closed at $38.59.

AB Conservative Buffer ETF Stock Performance

The firm has a 50 day moving average price of $38.05 and a 200-day moving average price of $37.36.

Hedge Funds Weigh In On AB Conservative Buffer ETF

An institutional investor recently bought a new position in AB Conservative Buffer ETF stock. N.E.W. Advisory Services LLC acquired a new stake in AB Conservative Buffer ETF (NASDAQ:BUFC) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 21,307 shares of the company’s stock, valued at approximately $800,000. N.E.W. Advisory Services LLC owned approximately 0.14% of AB Conservative Buffer ETF at the end of the most recent quarter.

About AB Conservative Buffer ETF

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.