AB Conservative Buffer ETF (NASDAQ:BUFC) Sets New 12-Month High – Still a Buy?

AB Conservative Buffer ETF (NASDAQ:BUFC)’s stock price hit a new 52-week high on Wednesday . The company traded as high as $39.20 and last traded at $39.20, with a volume of 56349 shares changing hands. The stock had previously closed at $39.07.

AB Conservative Buffer ETF Stock Performance

The business’s 50-day moving average is $38.56 and its two-hundred day moving average is $37.80.

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 bought a new stake in shares of AB Conservative Buffer ETF (NASDAQ:BUFC) in the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 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.

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.