AB Conservative Buffer ETF (NASDAQ:BUFC) Stock Price Passes Above Fifty Day Moving Average – Here’s Why

AB Conservative Buffer ETF (NASDAQ:BUFC)’s stock price passed 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 Stock Up 0.2 %

The firm’s 50 day moving average price is $38.73 and its two-hundred day moving average price is $37.94.

Institutional Investors Weigh In On AB Conservative Buffer ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. HighTower Advisors LLC purchased a new position in AB Conservative Buffer ETF during the third quarter worth about $3,250,000. Quantum Private Wealth LLC lifted its holdings in shares of AB Conservative Buffer ETF by 54.5% in the 3rd quarter. Quantum Private Wealth LLC now owns 17,000 shares of the company’s stock worth $656,000 after acquiring an additional 6,000 shares during the last quarter. Finally, N.E.W. Advisory Services LLC purchased a new position in shares of AB Conservative Buffer ETF during the 2nd quarter worth approximately $800,000.

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.