AB California Intermediate Municipal ETF (NYSEARCA:CAM) Reaches New 12-Month Low – Time to Sell?

AB California Intermediate Municipal ETF (NYSEARCA:CAM)’s share price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $24.69 and last traded at $24.71, with a volume of 1584 shares trading hands. The stock had previously closed at $24.83.

AB California Intermediate Municipal ETF Trading Down 0.1%

The firm’s fifty day moving average price is $24.93 and its 200 day moving average price is $25.04. The stock has a market capitalization of $1.20 billion, a price-to-earnings ratio of 7.63 and a beta of -0.25.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Bank of America Corp DE grew its stake in shares of 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 valued at $9,056,000 after buying an additional 26,157 shares in the last quarter. Retirement Planning Group LLC purchased a new position in AB California Intermediate Municipal ETF during the 1st quarter valued at about $513,000. Fifth Third Bancorp acquired a new position in AB California Intermediate Municipal ETF in the 1st quarter valued at about $1,486,000. DDFG Inc increased its stake in AB California Intermediate Municipal ETF by 2.3% during the first quarter. DDFG Inc now owns 446,341 shares of the oil and gas company’s stock worth $11,144,000 after purchasing an additional 9,883 shares during the period. Finally, Diversify Wealth Management LLC acquired a new stake in shares of AB California Intermediate Municipal ETF during the first quarter worth about $301,000. 85.00% of the stock is currently owned by institutional investors and hedge funds.

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.