AB California Intermediate Municipal ETF (NYSEARCA:CAM) Hits New 52-Week Low – What’s Next?

AB California Intermediate Municipal ETF (NYSEARCA:CAM) shares hit 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 company has a 50 day simple moving average of $24.98 and a two-hundred day simple moving average of $25.07. The firm has a market cap of $1.21 billion, a PE ratio of 7.71 and a beta of -0.23.

Hedge Funds Weigh In On AB California Intermediate Municipal ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Planned Solutions Inc. purchased a new position in AB California Intermediate Municipal ETF during the 4th quarter worth approximately $2,641,000. DDFG Inc lifted its stake in 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 valued at $11,144,000 after acquiring an additional 9,883 shares during the period. Fifth Third Bancorp purchased a new stake in shares of AB California Intermediate Municipal ETF in the 1st quarter valued at $1,486,000. Diversify Wealth Management LLC purchased a new stake in shares of AB California Intermediate Municipal ETF in the 1st quarter valued at $301,000. Finally, Retirement Planning Group LLC acquired a new stake in shares of AB California Intermediate Municipal ETF in the first quarter worth $513,000. Institutional investors and hedge funds 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.