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

AB California Intermediate Municipal ETF (NYSEARCA:CAM) shares saw strong trading volume on Monday . Approximately 385,513 shares traded hands during mid-day 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 Price Performance

The business’s 50-day moving average price is $25.01 and its two-hundred day moving average price is $25.09. The company has a market capitalization of $1.21 billion, a price-to-earnings ratio of 7.70 and a beta of -0.21.

Hedge Funds Weigh In On AB California Intermediate Municipal ETF

Large investors have recently bought and sold shares of the company. Planned Solutions Inc. bought a new stake in shares of AB California Intermediate Municipal ETF in the 4th quarter valued at $2,641,000. DDFG Inc raised its position in shares of AB California Intermediate Municipal ETF by 2.3% during the first 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 during the period. Fifth Third Bancorp bought a new position in shares of AB California Intermediate Municipal ETF in the first quarter valued at $1,486,000. Diversify Wealth Management LLC bought a new position in AB California Intermediate Municipal ETF in the 1st quarter valued at about $301,000. Finally, Retirement Planning Group LLC purchased a new position in shares of AB California Intermediate Municipal ETF during the first quarter valued at approximately $513,000. 85.00% of the stock is currently owned by 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.