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

WisdomTree Floating Rate Treasury Fund (NYSEARCA:USFRGet Free Report)’s share price hit a new 52-week high during trading on Friday . The company traded as high as $50.50 and last traded at $50.4950, with a volume of 217458 shares traded. The stock had previously closed at $50.47.

WisdomTree Floating Rate Treasury Fund Stock Up 0.0%

The company’s 50 day moving average price is $50.41 and its 200 day moving average price is $50.40.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. NewEdge Wealth LLC acquired a new position in WisdomTree Floating Rate Treasury Fund during the fourth quarter worth $419,186,000. Bank of America Corp DE lifted its holdings in WisdomTree Floating Rate Treasury Fund by 10.8% in the first 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 period. Stenger Family Office LLC acquired a new stake in WisdomTree Floating Rate Treasury Fund in the first quarter valued at $50,799,000. Kestra Advisory Services LLC boosted its position in shares of WisdomTree Floating Rate Treasury Fund by 78.3% during the 1st quarter. Kestra Advisory Services LLC now owns 2,009,823 shares of the company’s stock worth $101,175,000 after purchasing an additional 882,801 shares in the last quarter. Finally, AlphaCore Capital LLC purchased a new stake in shares of WisdomTree Floating Rate Treasury Fund during the 4th quarter worth $39,689,000.

About WisdomTree Floating Rate Treasury Fund

(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.

Further Reading

Receive News & Ratings for WisdomTree Floating Rate Treasury Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WisdomTree Floating Rate Treasury Fund and related companies with MarketBeat.com's FREE daily email newsletter.