AB Conservative Buffer ETF (NASDAQ:BUFC) Sees Strong Trading Volume – Here’s What Happened

Shares of AB Conservative Buffer ETF (NASDAQ:BUFC) saw unusually-high trading volume on Friday . Approximately 201,144 shares traded hands during mid-day trading, an increase of 249% from the previous session’s volume of 57,618 shares.The stock last traded at $41.4460 and had previously closed at $41.44.

AB Conservative Buffer ETF Stock Performance

The firm has a market cap of $969.84 million, a P/E ratio of 25.09 and a beta of 0.24. The firm’s fifty day simple moving average is $40.98 and its 200 day simple moving average is $40.33.

Institutional Trading of AB Conservative Buffer ETF

Large investors have recently added to or reduced their stakes in the company. Alliancebernstein L.P. boosted its position in shares of 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 last quarter. Assetmark Inc. purchased a new stake in AB Conservative Buffer ETF during the third quarter valued at $188,000. NewEdge Advisors LLC lifted its position in AB Conservative Buffer ETF by 3.4% during the third quarter. NewEdge Advisors LLC now owns 11,398 shares of the company’s stock valued at $463,000 after purchasing an additional 376 shares during the last quarter. Susquehanna International Group LLP lifted its position in AB Conservative Buffer ETF by 534.9% during the third quarter. Susquehanna International Group LLP now owns 77,237 shares of the company’s stock valued at $3,138,000 after purchasing an additional 65,072 shares during the last quarter. Finally, Ausdal Financial Partners Inc. grew its stake in shares of AB Conservative Buffer ETF by 9.8% in the 2nd quarter. Ausdal Financial Partners Inc. now owns 13,332 shares of the company’s stock worth $526,000 after buying an additional 1,190 shares in the last quarter.

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.