WisdomTree Floating Rate Treasury Fund (NYSEARCA:USFR) Reaches New 52-Week High – Here’s Why

WisdomTree Floating Rate Treasury Fund (NYSEARCA:USFR) hit a new 52-week high on Monday . The stock traded as high as $50.51 and last traded at $50.5050, with a volume of 4597931 shares changing hands. The stock had previously closed at $50.49.

WisdomTree Floating Rate Treasury Fund Trading Up 0.0%

The business’s fifty day simple moving average is $50.43 and its 200 day simple moving average is $50.41.

Hedge Funds Weigh In On WisdomTree Floating Rate Treasury Fund

Several hedge funds have recently added to or reduced their stakes in USFR. Bank of America Corp DE increased its stake in shares of WisdomTree Floating Rate Treasury Fund by 10.8% in the 1st quarter. Bank of America Corp DE now owns 15,934,091 shares of the company’s stock valued at $802,122,000 after acquiring an additional 1,551,622 shares during the last quarter. Captrust Financial Advisors grew its holdings in WisdomTree Floating Rate Treasury Fund by 1.7% during the fourth quarter. Captrust Financial Advisors now owns 7,196,392 shares of the company’s stock valued at $362,122,000 after purchasing an additional 117,325 shares during the period. Private Advisor Group LLC increased its stake in WisdomTree Floating Rate Treasury Fund by 16.4% in the first quarter. Private Advisor Group LLC now owns 2,316,049 shares of the company’s stock valued at $116,590,000 after purchasing an additional 326,696 shares in the last quarter. Kestra Advisory Services LLC increased its stake in WisdomTree Floating Rate Treasury Fund by 78.3% in the first quarter. Kestra Advisory Services LLC now owns 2,009,823 shares of the company’s stock valued at $101,175,000 after purchasing an additional 882,801 shares in the last quarter. Finally, Cardinal Point Capital Management ULC raised its holdings in WisdomTree Floating Rate Treasury Fund by 2.6% in the first quarter. Cardinal Point Capital Management ULC now owns 1,474,438 shares of the company’s stock worth $74,223,000 after purchasing an additional 37,555 shares during the period.

About WisdomTree Floating Rate Treasury Fund

The WisdomTree Floating Rate Treasury Fund (USFR) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of US Treasury floating-rate securities. USFR was launched on Feb 4, 2014 and is managed by WisdomTree.