AB California Intermediate Municipal ETF (NYSEARCA:CAM) Hits New 12-Month Low – Should You Sell?

AB California Intermediate Municipal ETF (NYSEARCA:CAM)’s share price reached a new 52-week low on Tuesday . The stock traded as low as $24.69 and last traded at $24.71, with a volume of 1584 shares. The stock had previously closed at $24.83.

AB California Intermediate Municipal ETF Stock Down 0.4%

The stock has a fifty day moving average price of $24.94 and a two-hundred day moving average price of $25.05. The company has a market capitalization of $1.20 billion, a price-to-earnings ratio of 7.65 and a beta of -0.22.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in CAM. NWF Advisory Services Inc. purchased a new position in AB California Intermediate Municipal ETF in the 2nd quarter valued at about $213,000. Diversify Wealth Management LLC acquired a new stake in shares of AB California Intermediate Municipal ETF during the 1st quarter worth about $301,000. Sanctuary Advisors LLC purchased a new stake in shares of AB California Intermediate Municipal ETF during the first quarter worth about $311,000. Retirement Planning Group LLC purchased a new stake in shares of AB California Intermediate Municipal ETF during the first quarter worth about $513,000. Finally, Fifth Third Bancorp acquired a new position in shares of AB California Intermediate Municipal ETF in the first quarter valued at approximately $1,486,000. Institutional investors and hedge funds own 85.00% of the company’s stock.

About AB California Intermediate Municipal ETF

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.