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 changing hands. The stock had previously closed at $24.83.

AB California Intermediate Municipal ETF Price Performance

The firm has a market cap of $1.20 billion, a PE ratio of 7.65 and a beta of -0.22. The business has a 50-day moving average price of $24.94 and a two-hundred day moving average price of $25.05.

Hedge Funds Weigh In On AB California Intermediate Municipal ETF

Several hedge funds have recently added to or reduced their stakes in the business. DDFG Inc increased its stake in shares of AB California Intermediate Municipal ETF by 2.3% during the 1st quarter. DDFG Inc now owns 446,341 shares of the oil and gas company’s stock worth $11,144,000 after purchasing an additional 9,883 shares in the last quarter. Bank of America Corp DE raised its position in shares of AB California Intermediate Municipal ETF by 7.8% during the 1st quarter. Bank of America Corp DE now owns 362,698 shares of the oil and gas company’s stock worth $9,056,000 after purchasing an additional 26,157 shares during the last quarter. Fifth Third Bancorp purchased a new stake in AB California Intermediate Municipal ETF in the 1st quarter valued at approximately $1,486,000. Retirement Planning Group LLC purchased a new stake in AB California Intermediate Municipal ETF in the 1st quarter valued at approximately $513,000. Finally, Sanctuary Advisors LLC acquired a new stake in AB California Intermediate Municipal ETF during the 1st quarter valued at $311,000. 85.00% of the stock is currently 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.