AB California Intermediate Municipal ETF (NYSEARCA:CAM) Sees Strong Trading Volume – Should You Buy?

Shares of AB California Intermediate Municipal ETF (NYSEARCA:CAM) saw strong trading volume on Tuesday . 1,024,623 shares traded hands during mid-day trading, an increase of 840% from the previous session’s volume of 108,995 shares.The stock last traded at $24.4060 and had previously closed at $24.42.

AB California Intermediate Municipal ETF Stock Performance

The company has a market capitalization of $1.18 billion, a PE ratio of 7.56 and a beta of -0.25. The company’s 50-day moving average is $24.78 and its 200 day moving average is $24.96.

Institutional Investors Weigh In On AB California Intermediate Municipal ETF

Several institutional investors and hedge funds have recently made changes to their positions in CAM. Tortoise Investment Management LLC purchased a new stake in AB California Intermediate Municipal ETF during the 2nd quarter valued at $224,000. NWF Advisory Services Inc. purchased a new position in shares of AB California Intermediate Municipal ETF in the second quarter worth $213,000. Bank of America Corp DE raised its stake in shares of AB California Intermediate Municipal ETF by 7.8% in the first 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. Sanctuary Advisors LLC bought a new position in shares of AB California Intermediate Municipal ETF during the first quarter valued at $311,000. Finally, Retirement Planning Group LLC bought a new position in shares of AB California Intermediate Municipal ETF during the first quarter valued at $513,000. Institutional investors own 85.00% of the company’s stock.

AB California Intermediate Municipal ETF Company Profile

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.