WisdomTree Floating Rate Treasury Fund (NYSEARCA:USFR) Hits New 1-Year High – Still a Buy?

WisdomTree Floating Rate Treasury Fund (NYSEARCA:USFR) shares hit a new 52-week high during mid-day trading on Monday. The stock traded as high as $50.53 and last traded at $50.5350, with a volume of 5,438,188 shares changing hands. The stock had previously closed at $50.52.

WisdomTree Floating Rate Treasury Fund Trading Down 0.3%

The stock’s 50-day moving average price is $50.44 and its 200-day moving average price is $50.41.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in USFR. Bank of America Corp DE boosted its stake in WisdomTree Floating Rate Treasury Fund by 10.8% during 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 purchasing an additional 1,551,622 shares during the last quarter. BIP Wealth LLC grew its position in WisdomTree Floating Rate Treasury Fund by 2.1% during the third quarter. BIP Wealth LLC now owns 5,638,832 shares of the company’s stock valued at $284,141,000 after buying an additional 117,141 shares during the period. Morton Capital Management LLC CA increased its stake in shares of WisdomTree Floating Rate Treasury Fund by 79.4% during the 3rd quarter. Morton Capital Management LLC CA now owns 3,122,365 shares of the company’s stock worth $157,336,000 after purchasing an additional 1,381,797 shares during the last quarter. Private Advisor Group LLC increased its position 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 worth $116,590,000 after buying an additional 326,696 shares during the last quarter. Finally, Kestra Advisory Services LLC raised its stake in WisdomTree Floating Rate Treasury Fund by 78.3% in the 1st quarter. Kestra Advisory Services LLC now owns 2,009,823 shares of the company’s stock valued at $101,175,000 after acquiring an additional 882,801 shares during the period.

WisdomTree Floating Rate Treasury Fund Company Profile

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.