AB California Intermediate Municipal ETF (NYSEARCA:CAM) Sees Strong Trading Volume – What’s Next?

AB California Intermediate Municipal ETF (NYSEARCA:CAM) saw unusually-strong trading volume on Monday. Approximately 415,504 shares traded hands during mid-day trading, an increase of 234% from the previous session’s volume of 124,430 shares. The stock last traded at $24.0880 and had previously closed at $24.09.

AB California Intermediate Municipal ETF Trading Down 0.1%

The stock has a 50 day simple moving average of $24.61 and a 200-day simple moving average of $24.88. The firm has a market cap of $1.16 billion, a PE ratio of 7.46 and a beta of -0.36.

Hedge Funds Weigh In On AB California Intermediate Municipal ETF

Several hedge funds have recently modified their holdings of CAM. NWF Advisory Services Inc. bought a new position in AB California Intermediate Municipal ETF during the second quarter valued at approximately $213,000. Tortoise Investment Management LLC bought a new stake in AB California Intermediate Municipal ETF in the 2nd quarter worth approximately $224,000. Diversify Wealth Management LLC purchased a new stake in shares of AB California Intermediate Municipal ETF during the 1st quarter worth approximately $301,000. Sanctuary Advisors LLC bought a new position in shares of AB California Intermediate Municipal ETF during the 1st quarter valued at approximately $311,000. Finally, Retirement Planning Group LLC bought a new position in shares of AB California Intermediate Municipal ETF during the 1st quarter valued at approximately $513,000. Hedge funds and other institutional investors 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.