AB California Intermediate Municipal ETF (NYSEARCA:CAM) Sees Strong Trading Volume – Here’s Why

AB California Intermediate Municipal ETF (NYSEARCA:CAM) saw unusually-strong trading volume on Wednesday . Approximately 77,095 shares were traded during trading, a decline of 29% from the previous session’s volume of 109,161 shares.The stock last traded at $25.10 and had previously closed at $25.07.

AB California Intermediate Municipal ETF Price Performance

The stock’s fifty day moving average is $25.02 and its 200-day moving average is $25.13. The stock has a market capitalization of $1.13 billion, a PE ratio of 7.76 and a beta of -0.15.

Institutional Trading of AB California Intermediate Municipal ETF

A number of hedge funds have recently added to or reduced their stakes in the company. Diversify Wealth Management LLC purchased a new position in AB California Intermediate Municipal ETF during the first quarter valued at $301,000. Sanctuary Advisors LLC purchased a new position in AB California Intermediate Municipal ETF during the first quarter valued at $311,000. Retirement Planning Group LLC purchased a new position in AB California Intermediate Municipal ETF during the first quarter valued at $513,000. Fifth Third Bancorp purchased a new position in AB California Intermediate Municipal ETF during the first quarter valued at $1,486,000. Finally, Planned Solutions Inc. purchased a new position in AB California Intermediate Municipal ETF during the fourth quarter valued at $2,641,000. 85.00% of the stock is owned by hedge funds and other institutional investors.

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.