WisdomTree Bloomberg Floating Rate Treasury Fund (NYSEARCA:USFR) Trading 0% Higher – Still a Buy?

WisdomTree Bloomberg Floating Rate Treasury Fund (NYSEARCA:USFR) traded up 0% during trading on Friday . The company traded as high as $50.50 and last traded at $50.50. 3,978,975 shares traded hands during mid-day trading, a decline of 12% from the average session volume of 4,503,932 shares. The stock had previously closed at $50.48.

WisdomTree Bloomberg Floating Rate Treasury Fund Stock Up 0.0 %

The stock’s 50 day moving average is $50.40 and its 200 day moving average is $50.36.

Institutional Investors Weigh In On WisdomTree Bloomberg Floating Rate Treasury Fund

Hedge funds have recently modified their holdings of the company. Covestor Ltd boosted its stake in shares of WisdomTree Bloomberg Floating Rate Treasury Fund by 73.9% during the 4th quarter. Covestor Ltd now owns 607 shares of the company’s stock worth $31,000 after purchasing an additional 258 shares during the last quarter. Elevation Wealth Partners LLC acquired a new stake in shares of WisdomTree Bloomberg Floating Rate Treasury Fund during the 4th quarter worth about $34,000. CoreFirst Bank & Trust acquired a new stake in shares of WisdomTree Bloomberg Floating Rate Treasury Fund during the 4th quarter worth about $39,000. Cyrus J. Lawrence LLC purchased a new position in shares of WisdomTree Bloomberg Floating Rate Treasury Fund during the 4th quarter worth about $42,000. Finally, Vermillion Wealth Management Inc. purchased a new position in shares of WisdomTree Bloomberg Floating Rate Treasury Fund during the 4th quarter worth about $43,000.

About WisdomTree Bloomberg 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.