AB Conservative Buffer ETF (NASDAQ:BUFC) Sees Strong Trading Volume – Time to Buy?

Shares of AB Conservative Buffer ETF (NASDAQ:BUFC) saw an uptick in trading volume on Friday . 109,744 shares traded hands during mid-day trading, an increase of 110% from the previous session’s volume of 52,270 shares.The stock last traded at $39.72 and had previously closed at $39.70.

AB Conservative Buffer ETF Stock Performance

The stock’s fifty day simple moving average is $39.31 and its 200-day simple moving average is $38.59.

Institutional Inflows and Outflows

An institutional investor recently raised its position in AB Conservative Buffer ETF stock. Quantum Private Wealth LLC boosted its holdings in shares of AB Conservative Buffer ETF (NASDAQ:BUFC) by 54.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 17,000 shares of the company’s stock after buying an additional 6,000 shares during the period. Quantum Private Wealth LLC owned approximately 0.10% of AB Conservative Buffer ETF worth $656,000 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.