AB California Intermediate Municipal ETF (NYSEARCA:CAM) Sees Unusually-High Trading Volume – Still a Buy?

AB California Intermediate Municipal ETF (NYSEARCA:CAM) shares saw unusually-high trading volume on Friday . Approximately 218,810 shares were traded during trading, an increase of 107% from the previous session’s volume of 105,501 shares.The stock last traded at $24.98 and had previously closed at $24.98.

AB California Intermediate Municipal ETF Price Performance

The company has a market capitalization of $1.20 billion, a P/E ratio of 7.73 and a beta of 0.16. The stock has a fifty day simple moving average of $25.04 and a 200-day simple moving average of $25.13.

Institutional Investors Weigh In On AB California Intermediate Municipal ETF

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