AB California Intermediate Municipal ETF (NYSEARCA:CAM) Sees Large Volume Increase – Should You Buy?

AB California Intermediate Municipal ETF (NYSEARCA:CAM) saw an uptick in trading volume on Monday . 385,513 shares traded hands during trading, an increase of 269% from the previous session’s volume of 104,425 shares.The stock last traded at $24.86 and had previously closed at $24.90.

AB California Intermediate Municipal ETF Stock Down 0.2%

The firm has a market cap of $1.21 billion, a PE ratio of 7.70 and a beta of -0.21. The firm has a 50 day moving average of $25.01 and a 200 day moving average of $25.09.

Hedge Funds Weigh In On AB California Intermediate Municipal ETF

Several large investors have recently modified their holdings of CAM. DDFG Inc raised its position in shares of AB California Intermediate Municipal ETF by 2.3% in the first quarter. DDFG Inc now owns 446,341 shares of the oil and gas company’s stock valued at $11,144,000 after purchasing an additional 9,883 shares during the period. Bank of America Corp DE grew its stake in AB California Intermediate Municipal ETF by 7.8% in 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 in the last quarter. Planned Solutions Inc. purchased a new position in AB California Intermediate Municipal ETF in the 4th quarter valued at approximately $2,641,000. Fifth Third Bancorp bought a new stake in AB California Intermediate Municipal ETF during the 1st quarter valued at $1,486,000. Finally, Retirement Planning Group LLC bought a new stake in AB California Intermediate Municipal ETF during the 1st quarter valued at $513,000. Hedge funds and other institutional investors 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.