AB Conservative Buffer ETF (NASDAQ:BUFC) Stock Price Up 0% – Here’s Why

AB Conservative Buffer ETF (NASDAQ:BUFC) shares rose 0% on Tuesday . The stock traded as high as $40.85 and last traded at $40.85. Approximately 72,059 shares traded hands during trading, an increase of 34% from the average daily volume of 53,581 shares. The stock had previously closed at $40.84.

AB Conservative Buffer ETF Stock Performance

The firm’s 50 day moving average is $41.10 and its two-hundred day moving average is $41.04. The stock has a market capitalization of $1.01 billion, a PE ratio of 25.09 and a beta of 0.24.

Institutional Investors Weigh In On AB Conservative Buffer ETF

Several large investors have recently added to or reduced their stakes in the business. NewEdge Advisors LLC increased its stake in AB Conservative Buffer ETF by 3.4% during the 3rd quarter. NewEdge Advisors LLC now owns 11,398 shares of the company’s stock worth $463,000 after buying an additional 376 shares during the period. Ausdal Financial Partners Inc. increased its stake in AB Conservative Buffer ETF by 9.8% during 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 during the period. Assetmark Inc. increased its stake in AB Conservative Buffer ETF by 28.7% during the 4th quarter. Assetmark Inc. now owns 5,953 shares of the company’s stock worth $246,000 after buying an additional 1,327 shares during the period. HighTower Advisors LLC increased its stake in AB Conservative Buffer ETF by 2.7% during the 4th quarter. HighTower Advisors LLC now owns 91,407 shares of the company’s stock worth $3,777,000 after buying an additional 2,423 shares during the period. Finally, Rockefeller Capital Management L.P. purchased a new stake in AB Conservative Buffer ETF during the 4th quarter worth approximately $218,000.

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.