AB California Intermediate Municipal ETF (NYSEARCA:CAM) Sets New 52-Week Low – Time to Sell?

AB California Intermediate Municipal ETF (NYSEARCA:CAM)’s share price hit a new 52-week low on Tuesday . The stock traded as low as $24.62 and last traded at $24.6560, with a volume of 116850 shares trading hands. The stock had previously closed at $24.63.

AB California Intermediate Municipal ETF Stock Down 0.3%

The company’s 50-day moving average price is $24.87 and its 200-day moving average price is $25.01. The firm has a market cap of $1.19 billion, a price-to-earnings ratio of 7.60 and a beta of -0.25.

Hedge Funds Weigh In On AB California Intermediate Municipal ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. DDFG Inc increased its stake in AB California Intermediate Municipal ETF by 2.3% during the first quarter. DDFG Inc now owns 446,341 shares of the oil and gas company’s stock worth $11,144,000 after acquiring an additional 9,883 shares during the last quarter. Bank of America Corp DE grew its position in shares of AB California Intermediate Municipal ETF by 7.8% during 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 buying an additional 26,157 shares in the last quarter. Fifth Third Bancorp acquired a new position in shares of AB California Intermediate Municipal ETF during the first quarter worth about $1,486,000. Retirement Planning Group LLC acquired a new position in shares of AB California Intermediate Municipal ETF during the first quarter worth about $513,000. Finally, Sanctuary Advisors LLC purchased a new stake in shares of AB California Intermediate Municipal ETF during the first quarter worth approximately $311,000. Institutional investors and hedge funds own 85.00% of the company’s stock.

AB California Intermediate Municipal ETF Company Profile

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.