AB California Intermediate Municipal ETF (NYSEARCA:CAM) Sets New 52-Week Low – What’s Next?

AB California Intermediate Municipal ETF (NYSEARCA:CAM)’s share price reached a new 52-week low during mid-day trading on Wednesday. The stock traded as low as $24.40 and last traded at $24.42, with a volume of 1111971 shares. The stock had previously closed at $24.42.

AB California Intermediate Municipal ETF Stock Down 0.5%

The firm has a market cap of $1.18 billion, a PE ratio of 7.48 and a beta of -0.28. The firm’s fifty day simple moving average is $24.73 and its two-hundred day simple moving average is $24.94.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. NWF Advisory Services Inc. bought a new stake in AB California Intermediate Municipal ETF during the second quarter valued at about $213,000. Tortoise Investment Management LLC bought a new position in shares of AB California Intermediate Municipal ETF in the second quarter worth about $224,000. DDFG Inc grew 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 in the last quarter. Diversify Wealth Management LLC bought a new stake in AB California Intermediate Municipal ETF during the 1st quarter valued at approximately $301,000. Finally, Sanctuary Advisors LLC bought a new stake in AB California Intermediate Municipal ETF during the 1st quarter valued at approximately $311,000. 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.