AB Conservative Buffer ETF (NASDAQ:BUFC) Hits New 12-Month High – Should You Buy?

AB Conservative Buffer ETF (NASDAQ:BUFC) hit a new 52-week high on Monday . The company traded as high as $39.21 and last traded at $39.19, with a volume of 34729 shares traded. The stock had previously closed at $39.17.

AB Conservative Buffer ETF Price Performance

The firm’s fifty day moving average price is $38.77 and its 200-day moving average price is $37.99.

Institutional Investors Weigh In On AB Conservative Buffer ETF

Hedge funds have recently modified their holdings of the business. Quantum Private Wealth LLC bought a new stake in shares of AB Conservative Buffer ETF during the second quarter worth $413,000. N.E.W. Advisory Services LLC acquired a new position in AB Conservative Buffer ETF in the 2nd quarter worth $800,000. Finally, HighTower Advisors LLC bought a new position in AB Conservative Buffer ETF during the 3rd quarter worth about $3,250,000.

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.