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

AB California Intermediate Municipal ETF (NYSEARCA:CAM) saw an uptick in trading volume on Monday . 385,513 shares were traded during trading, an increase of 269% from the previous session’s volume of 104,425 shares.The stock last traded at $24.86 and had previously closed at $24.90.

AB California Intermediate Municipal ETF Trading Up 0.0%

The stock has a market cap of $1.21 billion, a price-to-earnings ratio of 7.72 and a beta of -0.21. The firm’s 50-day moving average is $25.00 and its two-hundred day moving average is $25.09.

Hedge Funds Weigh In On AB California Intermediate Municipal ETF

Hedge funds have recently made changes to their positions in the company. Diversify Wealth Management LLC purchased a new position in shares of AB California Intermediate Municipal ETF in the first quarter valued at approximately $301,000. Sanctuary Advisors LLC purchased a new stake in shares of AB California Intermediate Municipal ETF during the first quarter worth approximately $311,000. Retirement Planning Group LLC purchased a new stake in shares of AB California Intermediate Municipal ETF during the first quarter worth approximately $513,000. Fifth Third Bancorp acquired a new position in AB California Intermediate Municipal ETF in the 1st quarter valued at $1,486,000. Finally, Planned Solutions Inc. acquired a new position in AB California Intermediate Municipal ETF in 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

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.