Gerber Kawasaki Wealth & Investment Management Makes New Investment in AB California Intermediate Municipal ETF $CAM

Gerber Kawasaki Wealth & Investment Management bought a new position in AB California Intermediate Municipal ETF (NYSEARCA:CAM) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 20,305 shares of the oil and gas company’s stock, valued at approximately $489,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CAM. MGO One Seven LLC increased its stake in AB California Intermediate Municipal ETF by 10.9% during the third quarter. MGO One Seven LLC now owns 20,418 shares of the oil and gas company’s stock worth $492,000 after acquiring an additional 2,000 shares during the last quarter. Sowell Financial Services LLC acquired a new position in shares of AB California Intermediate Municipal ETF in the 3rd quarter valued at about $391,000. JSF Financial LLC lifted its stake in shares of AB California Intermediate Municipal ETF by 9.4% in the 3rd quarter. JSF Financial LLC now owns 55,450 shares of the oil and gas company’s stock valued at $1,336,000 after purchasing an additional 4,763 shares in the last quarter. Tortoise Investment Management LLC acquired a new position in shares of AB California Intermediate Municipal ETF in the 2nd quarter valued at about $224,000. Finally, NWF Advisory Services Inc. purchased a new stake in shares of AB California Intermediate Municipal ETF during the 2nd quarter worth about $213,000. Institutional investors and hedge funds own 85.00% of the company’s stock.

AB California Intermediate Municipal ETF Stock Performance

Shares of NYSEARCA:CAM opened at $24.66 on Thursday. AB California Intermediate Municipal ETF has a 1 year low of $23.94 and a 1 year high of $25.61. The stock has a market capitalization of $1.23 billion, a P/E ratio of 7.63 and a beta of -0.39. The stock has a 50-day simple moving average of $24.40 and a 200-day simple moving average of $24.91.

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.