AB California Intermediate Municipal ETF (NYSEARCA:CAM) Sets New 12-Month Low – Here’s Why

AB California Intermediate Municipal ETF (NYSEARCA:CAM)’s stock price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $24.83 and last traded at $24.83, with a volume of 2442 shares traded. The stock had previously closed at $24.93.

AB California Intermediate Municipal ETF Price Performance

The firm has a 50-day moving average price of $25.04 and a 200 day moving average price of $25.12. The company has a market cap of $1.19 billion, a price-to-earnings ratio of 7.67 and a beta of 0.13.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Diversify Wealth Management LLC bought a new position in AB California Intermediate Municipal ETF during the 1st quarter worth $301,000. Sanctuary Advisors LLC bought a new stake in shares of AB California Intermediate Municipal ETF in the first quarter valued at about $311,000. Retirement Planning Group LLC bought a new stake in shares of AB California Intermediate Municipal ETF in the first quarter valued at about $513,000. Fifth Third Bancorp bought a new stake in shares of AB California Intermediate Municipal ETF in the first quarter valued at about $1,486,000. Finally, Planned Solutions Inc. acquired a new position in shares of AB California Intermediate Municipal ETF in the fourth quarter valued at about $2,641,000. 85.00% of the stock is owned by institutional investors and hedge funds.

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.