WisdomTree Floating Rate Treasury Fund (NYSEARCA:USFR) Hits New 12-Month High – Should You Buy?

WisdomTree Floating Rate Treasury Fund (NYSEARCA:USFRGet Free Report) shares reached a new 52-week high during trading on Tuesday . The company traded as high as $50.51 and last traded at $50.5050, with a volume of 452589 shares traded. The stock had previously closed at $50.49.

WisdomTree Floating Rate Treasury Fund Trading Up 0.0%

The firm’s 50-day simple moving average is $50.42 and its 200 day simple moving average is $50.40.

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 boosted its holdings in WisdomTree Floating Rate Treasury Fund by 10.8% during the first quarter. Bank of America Corp DE now owns 15,934,091 shares of the company’s stock worth $802,122,000 after buying an additional 1,551,622 shares during the last quarter. NewEdge Wealth LLC bought a new stake in shares of WisdomTree Floating Rate Treasury Fund in the 4th quarter valued at about $419,186,000. Captrust Financial Advisors raised its position in shares of WisdomTree Floating Rate Treasury Fund by 1.7% in the 4th quarter. Captrust Financial Advisors now owns 7,196,392 shares of the company’s stock valued at $362,122,000 after acquiring an additional 117,325 shares during the period. Raymond James Financial Inc. raised its position in shares of WisdomTree Floating Rate Treasury Fund by 5.5% in the 4th quarter. Raymond James Financial Inc. now owns 7,107,531 shares of the company’s stock valued at $357,651,000 after acquiring an additional 371,877 shares during the period. Finally, Ameriprise Financial Inc. boosted its stake in WisdomTree Floating Rate Treasury Fund by 4.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,582,438 shares of the company’s stock worth $230,527,000 after acquiring an additional 205,006 shares during the last quarter.

WisdomTree Floating Rate Treasury Fund Company Profile

(Get Free Report)

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.

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