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

AB California Intermediate Municipal ETF (NYSEARCA:CAM) saw unusually-strong trading volume on Monday . Approximately 630,185 shares were traded during trading, an increase of 511% from the previous session’s volume of 103,221 shares.The stock last traded at $25.05 and had previously closed at $25.10.

AB California Intermediate Municipal ETF Price Performance

The stock has a market capitalization of $1.13 billion, a PE ratio of 7.76 and a beta of 0.23. The firm’s 50 day simple moving average is $25.01 and its 200 day simple moving average is $25.14.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Planned Solutions Inc. bought a new position in shares of AB California Intermediate Municipal ETF in the fourth quarter worth approximately $2,641,000. Bank of America Corp DE grew its holdings in shares of AB California Intermediate Municipal ETF by 7.8% in 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 purchasing an additional 26,157 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in AB California Intermediate Municipal ETF in the first quarter valued at $311,000. Retirement Planning Group LLC bought a new stake in AB California Intermediate Municipal ETF in the first quarter valued at $513,000. Finally, Diversify Wealth Management LLC bought a new stake in AB California Intermediate Municipal ETF in the first quarter valued at $301,000. 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.