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

AB California Intermediate Municipal ETF (NYSEARCA:CAM) shares saw strong trading volume on Wednesday . 77,095 shares were traded during trading, a decline of 29% from the previous session’s volume of 109,161 shares.The stock last traded at $25.10 and had previously closed at $25.07.

AB California Intermediate Municipal ETF Price Performance

The company’s fifty day moving average price is $25.02 and its 200-day moving average price is $25.13. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of 7.76 and a beta of 0.18.

Institutional Investors Weigh In On AB California Intermediate Municipal ETF

Several hedge funds have recently bought and sold shares of CAM. Planned Solutions Inc. purchased a new stake in AB California Intermediate Municipal ETF in the 4th quarter worth approximately $2,641,000. Fifth Third Bancorp purchased a new position in shares of AB California Intermediate Municipal ETF during the 1st quarter valued at approximately $1,486,000. 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 valued at $9,056,000 after buying an additional 26,157 shares in the last quarter. Retirement Planning Group LLC purchased a new position in shares of AB California Intermediate Municipal ETF during the 1st quarter valued at approximately $513,000. Finally, Sanctuary Advisors LLC purchased a new position in shares of 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.