AB Conservative Buffer ETF (NASDAQ:BUFC) Share Price Crosses Above 50 Day Moving Average – What’s Next?

Shares of AB Conservative Buffer ETF (NASDAQ:BUFC) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $38.71 and traded as high as $39.13. AB Conservative Buffer ETF shares last traded at $39.10, with a volume of 12,956 shares trading hands.

AB Conservative Buffer ETF Price Performance

The company has a 50-day simple moving average of $38.73 and a 200-day simple moving average of $37.94.

Hedge Funds Weigh In On AB Conservative Buffer ETF

A number of large investors have recently added to or reduced their stakes in BUFC. Quantum Private Wealth LLC increased its stake in shares of AB Conservative Buffer ETF by 54.5% during the third quarter. Quantum Private Wealth LLC now owns 17,000 shares of the company’s stock worth $656,000 after purchasing an additional 6,000 shares in the last quarter. N.E.W. Advisory Services LLC purchased a new stake in AB Conservative Buffer ETF during the 2nd quarter worth approximately $800,000. Finally, HighTower Advisors LLC acquired a new position in shares of AB Conservative Buffer ETF during the third quarter valued at approximately $3,250,000.

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.