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

AB California Intermediate Municipal ETF (NYSEARCA:CAMGet Free Report) shares saw an uptick in trading volume on Friday . Approximately 218,810 shares were traded during mid-day trading, an increase of 107% from the previous session’s volume of 105,501 shares.The stock last traded at $24.98 and had previously closed at $24.98.

AB California Intermediate Municipal ETF Stock Performance

The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of 7.73 and a beta of 0.16. The company has a 50-day moving average of $25.04 and a 200-day moving average of $25.12.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Diversify Wealth Management LLC bought a new stake in AB California Intermediate Municipal ETF in the 1st quarter valued at about $301,000. Sanctuary Advisors LLC bought a new position in AB California Intermediate Municipal ETF in the 1st quarter worth about $311,000. Retirement Planning Group LLC acquired a new position in shares of AB California Intermediate Municipal ETF during the first quarter worth approximately $513,000. Fifth Third Bancorp acquired a new stake in AB California Intermediate Municipal ETF in the 1st quarter valued at approximately $1,486,000. Finally, Planned Solutions Inc. bought a new stake in AB California Intermediate Municipal ETF during the 4th quarter valued at $2,641,000. Institutional investors and hedge funds own 85.00% of the company’s stock.

AB California Intermediate Municipal ETF Company Profile

(Get Free Report)

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.

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