AB California Intermediate Municipal ETF (NYSEARCA:CAM) Hits New 1-Year Low – Should You Sell?

AB California Intermediate Municipal ETF (NYSEARCA:CAM)’s stock price reached a new 52-week low during mid-day trading on Monday . The company traded as low as $24.84 and last traded at $25.09, with a volume of 17670 shares. The stock had previously closed at $25.10.

AB California Intermediate Municipal ETF Trading Down 0.2%

The stock has a market capitalization of $1.19 billion, a PE ratio of 7.75 and a beta of 0.15. The firm’s 50-day moving average price is $25.05 and its 200-day moving average price is $25.13.

Institutional Investors Weigh In On AB California Intermediate Municipal ETF

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

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.