AB Conservative Buffer ETF (NASDAQ:BUFC) Trading Down 0% – Time to Sell?

AB Conservative Buffer ETF (NASDAQ:BUFC)’s share price traded down 0% during trading on Wednesday . The company traded as low as $40.44 and last traded at $40.52. 59,313 shares traded hands during mid-day trading, a decline of 10% from the average session volume of 65,582 shares. The stock had previously closed at $40.53.

AB Conservative Buffer ETF Stock Performance

The stock has a fifty day simple moving average of $40.06 and a 200 day simple moving average of $39.27. The firm has a market cap of $940.06 million, a P/E ratio of 25.09 and a beta of 0.22.

Hedge Funds Weigh In On AB Conservative Buffer ETF

A number of hedge funds have recently bought and sold shares of BUFC. Alliancebernstein L.P. lifted its stake in AB Conservative Buffer ETF by 24.0% during the 1st quarter. Alliancebernstein L.P. now owns 17,019,152 shares of the company’s stock valued at $658,131,000 after acquiring an additional 3,290,388 shares during the period. HighTower Advisors LLC raised its holdings in shares of AB Conservative Buffer ETF by 55.6% during the first quarter. HighTower Advisors LLC now owns 134,355 shares of the company’s stock valued at $5,196,000 after purchasing an additional 47,991 shares during the last quarter. N.E.W. Advisory Services LLC lifted its position in AB Conservative Buffer ETF by 93.8% during the first quarter. N.E.W. Advisory Services LLC now owns 42,260 shares of the company’s stock valued at $1,634,000 after purchasing an additional 20,456 shares during the period. NewEdge Advisors LLC purchased a new stake in AB Conservative Buffer ETF in the first quarter worth approximately $426,000. Finally, Ausdal Financial Partners Inc. boosted its holdings in AB Conservative Buffer ETF by 9.8% in the second quarter. Ausdal Financial Partners Inc. now owns 13,332 shares of the company’s stock worth $526,000 after purchasing an additional 1,190 shares during the last 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.