WisdomTree Floating Rate Treasury Fund (NYSEARCA:USFR) Shares Up 0% – Should You Buy?

WisdomTree Floating Rate Treasury Fund (NYSEARCA:USFR) shot up 0% during trading on Friday . The stock traded as high as $50.40 and last traded at $50.40. 3,808,648 shares traded hands during trading, a decline of 24% from the average session volume of 5,034,052 shares. The stock had previously closed at $50.38.

WisdomTree Floating Rate Treasury Fund Trading Up 0.0%

The firm has a fifty day moving average price of $50.39 and a 200 day moving average price of $50.37.

Institutional Investors Weigh In On WisdomTree Floating Rate Treasury Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Redmont Wealth Advisors LLC acquired a new stake in WisdomTree Floating Rate Treasury Fund during the third quarter worth $27,000. Boyd Watterson Asset Management LLC OH acquired a new stake in WisdomTree Floating Rate Treasury Fund during the first quarter worth $29,000. Atlantic Union Bankshares Corp acquired a new stake in WisdomTree Floating Rate Treasury Fund during the third quarter worth $30,000. Physician Wealth Advisors Inc. acquired a new stake in WisdomTree Floating Rate Treasury Fund during the first quarter worth $31,000. Finally, Frankly Finances LLC acquired a new stake in WisdomTree Floating Rate Treasury Fund during the first quarter worth $49,000.

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.