AB California Intermediate Municipal ETF (NYSEARCA:CAM) Reaches New 52-Week Low – Here’s What Happened

AB California Intermediate Municipal ETF (NYSEARCA:CAM) reached a new 52-week low on Monday . The stock traded as low as $24.84 and last traded at $25.09, with a volume of 17670 shares changing hands. The stock had previously closed at $25.10.

AB California Intermediate Municipal ETF Price Performance

The stock has a market capitalization of $1.20 billion, a price-to-earnings ratio of 7.78 and a beta of 0.15. The stock has a 50 day moving average price of $25.05 and a 200-day moving average price of $25.13.

Institutional Investors Weigh In On AB California Intermediate Municipal ETF

Hedge funds have recently modified their holdings of the business. Planned Solutions Inc. purchased a new position in shares of AB California Intermediate Municipal ETF in the fourth quarter worth about $2,641,000. DDFG Inc grew its stake in AB California Intermediate Municipal ETF by 2.3% during the 1st quarter. DDFG Inc now owns 446,341 shares of the oil and gas company’s stock valued at $11,144,000 after acquiring an additional 9,883 shares in the last quarter. Fifth Third Bancorp acquired a new stake in AB California Intermediate Municipal ETF in the 1st quarter valued at about $1,486,000. Diversify Wealth Management LLC acquired a new stake in AB California Intermediate Municipal ETF in the 1st quarter valued at about $301,000. Finally, Retirement Planning Group LLC purchased a new position in AB California Intermediate Municipal ETF in the 1st quarter worth approximately $513,000. 85.00% of the stock is currently owned by institutional investors and hedge funds.

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.