AB California Intermediate Municipal ETF (NYSEARCA:CAM) Hits New 52-Week Low – Time to Sell?

AB California Intermediate Municipal ETF (NYSEARCA:CAM)’s stock price reached a new 52-week low during trading on Tuesday . The company traded as low as $24.70 and last traded at $24.70, with a volume of 2879 shares traded. The stock had previously closed at $24.88.

AB California Intermediate Municipal ETF Stock Performance

The firm’s 50-day moving average price is $24.99 and its two-hundred day moving average price is $25.08. The firm has a market capitalization of $1.21 billion, a price-to-earnings ratio of 7.70 and a beta of -0.24.

Institutional Investors Weigh In On AB California Intermediate Municipal ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. Retirement Planning Group LLC bought a new stake in shares of AB California Intermediate Municipal ETF in the 1st quarter valued at approximately $513,000. Fifth Third Bancorp acquired a new position in shares of AB California Intermediate Municipal ETF in the 1st quarter worth approximately $1,486,000. Planned Solutions Inc. bought a new position in shares of AB California Intermediate Municipal ETF during the 4th quarter worth approximately $2,641,000. DDFG Inc lifted its position 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 buying an additional 9,883 shares during the period. Finally, Bank of America Corp DE lifted 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 buying an additional 26,157 shares during the period. 85.00% of the stock is owned by institutional investors and hedge funds.

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.