AB California Intermediate Municipal ETF (NYSEARCA:CAM) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of AB California Intermediate Municipal ETF (NYSEARCA:CAMGet Free Report) saw unusually-strong trading volume on Tuesday . 1,024,623 shares changed 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 Trading Down 0.5%

The stock has a 50 day simple moving average of $24.75 and a 200 day simple moving average of $24.95. The firm has a market capitalization of $1.18 billion, a PE ratio of 7.52 and a beta of -0.28.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. DDFG Inc grew its holdings in AB California Intermediate Municipal ETF by 2.3% in the 1st quarter. DDFG Inc now owns 446,341 shares of the oil and gas company’s stock worth $11,144,000 after acquiring an additional 9,883 shares during the last quarter. Bank of America Corp DE boosted its holdings in 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 acquiring an additional 26,157 shares in the last quarter. Fifth Third Bancorp purchased a new stake in AB California Intermediate Municipal ETF during the 1st quarter valued at about $1,486,000. Retirement Planning Group LLC bought a new stake in shares of AB California Intermediate Municipal ETF during the first quarter valued at approximately $513,000. Finally, Sanctuary Advisors LLC purchased a new position in shares of AB California Intermediate Municipal ETF in the first quarter worth $311,000. 85.00% of the stock is owned by hedge funds and other institutional investors.

About AB California Intermediate Municipal ETF

(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.

Further Reading

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