AB California Intermediate Municipal ETF (NYSEARCA:CAM) Sees Large Volume Increase – Time to Buy?

AB California Intermediate Municipal ETF (NYSEARCA:CAM) shares saw unusually-high trading volume on Monday . Approximately 630,185 shares traded hands during trading, an increase of 511% from the previous session’s volume of 103,221 shares.The stock last traded at $25.05 and had previously closed at $25.10.

AB California Intermediate Municipal ETF Stock Performance

The business has a fifty day simple moving average of $25.00 and a 200 day simple moving average of $25.14. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of 7.76 and a beta of 0.23.

Institutional Investors Weigh In On AB California Intermediate Municipal ETF

A number of large investors have recently bought and sold shares of the stock. Bank of America Corp DE grew its holdings in AB California Intermediate Municipal ETF by 7.8% during the 1st 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 during the last quarter. Sanctuary Advisors LLC purchased a new position in shares of AB California Intermediate Municipal ETF during the 1st quarter worth $311,000. Retirement Planning Group LLC purchased a new position in shares of AB California Intermediate Municipal ETF during the 1st quarter worth $513,000. Diversify Wealth Management LLC purchased a new position in shares of AB California Intermediate Municipal ETF during the 1st quarter worth $301,000. Finally, Fifth Third Bancorp purchased a new position in shares of AB California Intermediate Municipal ETF during the 1st quarter worth $1,486,000. 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.