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

AB California Intermediate Municipal ETF (NYSEARCA:CAMGet Free Report)’s share price reached a new 52-week low on Thursday . The stock traded as low as $24.83 and last traded at $24.83, with a volume of 2442 shares. The stock had previously closed at $24.93.

AB California Intermediate Municipal ETF Price Performance

The firm has a market capitalization of $1.20 billion, a PE ratio of 7.68 and a beta of 0.13. The company has a 50-day moving average price of $25.03 and a 200-day moving average price of $25.12.

Institutional Trading of AB California Intermediate Municipal ETF

Several institutional investors have recently made changes to their positions in CAM. Planned Solutions Inc. acquired a new stake in AB California Intermediate Municipal ETF in the 4th quarter valued at $2,641,000. Fifth Third Bancorp acquired a new stake in shares of AB California Intermediate Municipal ETF in the first quarter valued at about $1,486,000. Bank of America Corp DE raised its holdings in shares of AB California Intermediate Municipal ETF by 7.8% during the 1st quarter. Bank of America Corp DE now owns 362,698 shares of the oil and gas company’s stock valued at $9,056,000 after buying an additional 26,157 shares during the period. Retirement Planning Group LLC purchased a new stake in shares of AB California Intermediate Municipal ETF during the 1st quarter valued at about $513,000. Finally, Sanctuary Advisors LLC purchased a new stake in shares of AB California Intermediate Municipal ETF during the 1st quarter valued at about $311,000. 85.00% of the stock is owned by hedge funds and other institutional investors.

About AB California Intermediate Municipal ETF

(Get Free Report)

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.

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