AB California Intermediate Municipal ETF (NYSEARCA:CAM) Shares Pass Above 200-Day Moving Average – Here’s What Happened

AB California Intermediate Municipal ETF (NYSEARCA:CAM) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $25.13 and traded as high as $25.57. AB California Intermediate Municipal ETF shares last traded at $25.00, with a volume of 118,430 shares changing hands.

AB California Intermediate Municipal ETF Stock Performance

The company has a market cap of $1.20 billion, a price-to-earnings ratio of 7.74 and a beta of 0.16. The company’s 50 day moving average price is $25.05 and its 200 day moving average price is $25.13.

Institutional Trading of AB California Intermediate Municipal ETF

A number of institutional investors and hedge funds have recently made changes to their positions in CAM. Diversify Wealth Management LLC acquired a new stake in shares of AB California Intermediate Municipal ETF in the first quarter worth about $301,000. Sanctuary Advisors LLC acquired a new position in shares of AB California Intermediate Municipal ETF during the 1st quarter valued at about $311,000. Retirement Planning Group LLC bought a new position in shares of AB California Intermediate Municipal ETF in the 1st quarter valued at approximately $513,000. Fifth Third Bancorp acquired a new stake in AB California Intermediate Municipal ETF in the 1st quarter worth approximately $1,486,000. Finally, Planned Solutions Inc. bought a new stake in AB California Intermediate Municipal ETF during the fourth quarter worth approximately $2,641,000. Institutional investors and hedge funds own 85.00% of the company’s stock.

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.