AB California Intermediate Municipal ETF (NYSEARCA:CAM) Reaches New 12-Month Low – What’s Next?

AB California Intermediate Municipal ETF (NYSEARCA:CAM) reached a new 52-week low during mid-day trading on Tuesday. The stock traded as low as $23.98 and last traded at $24.01, with a volume of 446689 shares traded. The stock had previously closed at $24.13.

AB California Intermediate Municipal ETF Price Performance

The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of 7.46 and a beta of 0.34. The firm’s 50-day simple moving average is $24.66 and its 200 day simple moving average is $24.90.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CAM. NWF Advisory Services Inc. acquired a new stake in shares of AB California Intermediate Municipal ETF in the 2nd quarter valued at approximately $213,000. Tortoise Investment Management LLC acquired a new position in AB California Intermediate Municipal ETF during the 2nd quarter worth approximately $224,000. Diversify Wealth Management LLC bought a new position in AB California Intermediate Municipal ETF in the 1st quarter valued at approximately $301,000. Sanctuary Advisors LLC bought a new position in AB California Intermediate Municipal ETF in the 1st quarter valued at approximately $311,000. Finally, Retirement Planning Group LLC bought a new position in AB California Intermediate Municipal ETF in the 1st quarter valued at approximately $513,000. 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.