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

AB Conservative Buffer ETF (NASDAQ:BUFC)’s stock price reached 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 traded. The stock had previously closed at $39.07.

AB Conservative Buffer ETF Price Performance

The stock’s 50-day moving average price is $38.61 and its two-hundred day moving average price is $37.82.

Institutional Trading of AB Conservative Buffer ETF

An institutional investor recently bought a new position in AB Conservative Buffer ETF stock. Quantum Private Wealth LLC bought a new position in AB Conservative Buffer ETF (NASDAQ:BUFC) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 11,000 shares of the company’s stock, valued at approximately $413,000. Quantum Private Wealth LLC owned approximately 0.07% 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.