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

AB Conservative Buffer ETF (NASDAQ:BUFC) shares hit a new 52-week high on Tuesday . The company traded as high as $38.84 and last traded at $38.83, with a volume of 201330 shares changing hands. The stock had previously closed at $38.83.

AB Conservative Buffer ETF Price Performance

The firm’s 50-day simple moving average is $38.30 and its 200-day simple moving average is $37.51.

Institutional Investors 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 acquired a new stake in shares of AB Conservative Buffer ETF (NASDAQ:BUFC) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 21,307 shares of the company’s stock, valued at approximately $800,000. N.E.W. Advisory Services LLC owned 0.14% of AB Conservative Buffer ETF 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.