AB Conservative Buffer ETF (NASDAQ:BUFC) Shares Pass Above 50 Day Moving Average – Here’s Why

AB Conservative Buffer ETF (NASDAQ:BUFC) shares passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $38.93 and traded as high as $39.42. AB Conservative Buffer ETF shares last traded at $39.42, with a volume of 22,785 shares changing hands.

AB Conservative Buffer ETF Stock Performance

The firm has a 50 day moving average of $38.97 and a two-hundred day moving average of $38.17.

Hedge Funds Weigh In On AB Conservative Buffer ETF

Hedge funds have recently made changes to their positions in the company. Quantum Private Wealth LLC purchased a new position in shares of AB Conservative Buffer ETF during the second quarter worth approximately $413,000. N.E.W. Advisory Services LLC acquired a new stake in AB Conservative Buffer ETF during the 2nd quarter worth $800,000. Finally, HighTower Advisors LLC purchased a new position in AB Conservative Buffer ETF during the 3rd quarter worth $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.