AB California Intermediate Municipal ETF (NYSEARCA:CAM) Reaches New 12-Month Low – Time to Sell?

AB California Intermediate Municipal ETF (NYSEARCA:CAM) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $24.85 and last traded at $24.85, with a volume of 4533 shares changing hands. The stock had previously closed at $24.91.

AB California Intermediate Municipal ETF Trading Down 0.2%

The stock has a 50-day simple moving average of $25.05 and a 200 day simple moving average of $25.15. The company has a market cap of $1.12 billion, a price-to-earnings ratio of 7.70 and a beta of 0.15.

Hedge Funds Weigh In On AB California Intermediate Municipal ETF

Institutional investors have recently bought and sold shares of the business. Planned Solutions Inc. acquired a new stake in AB California Intermediate Municipal ETF during the 4th quarter valued at approximately $2,641,000. Bank of America Corp DE increased its stake in shares of AB California Intermediate Municipal ETF by 7.8% in the first quarter. Bank of America Corp DE now owns 362,698 shares of the oil and gas company’s stock worth $9,056,000 after acquiring an additional 26,157 shares during the period. Sanctuary Advisors LLC purchased a new position in shares of AB California Intermediate Municipal ETF during the first quarter worth $311,000. Fifth Third Bancorp acquired a new position in AB California Intermediate Municipal ETF during the first quarter valued at $1,486,000. Finally, Diversify Wealth Management LLC purchased a new stake in AB California Intermediate Municipal ETF in the first quarter valued at $301,000. 85.00% of the stock is owned by hedge funds and other institutional investors.

About AB California Intermediate Municipal ETF

Cameron International Corporation (Cameron), incorporated on November 10, 1994, provides flow equipment products, systems and services to worldwide oil, gas and process industries. The Company operates through four business segments: Subsea, Surface, Drilling and Valves & Measurement (V&M). The Subsea segment delivers integrated solutions, products, systems and services to the subsea oil and gas market, including integrated subsea production systems. Cameron’s Surface segment designs and manufactures wellhead and Christmas tree systemsfor onshore and offshore topside applications – from conventional to high-pressure, high temperature systems, to specialized systems for dry completions and heavy oil.