WisdomTree Floating Rate Treasury Fund (NYSEARCA:USFR) Sets New 52-Week High – Here’s Why

WisdomTree Floating Rate Treasury Fund (NYSEARCA:USFR) shares hit a new 52-week high on Tuesday. The company traded as high as $50.51 and last traded at $50.5050, with a volume of 250,844 shares. The stock had previously closed at $50.50.

WisdomTree Floating Rate Treasury Fund Trading Up 0.0%

The stock’s 50 day simple moving average is $50.44 and its two-hundred day simple moving average is $50.41.

Institutional Investors Weigh In On WisdomTree Floating Rate Treasury Fund

Several hedge funds have recently added to or reduced their stakes in USFR. Boyd Watterson Asset Management LLC OH purchased a new stake in shares of WisdomTree Floating Rate Treasury Fund in the first quarter worth $29,000. Physician Wealth Advisors Inc. purchased a new position in shares of WisdomTree Floating Rate Treasury Fund in the 1st quarter worth about $31,000. GK Wealth Management LLC purchased a new position in shares of WisdomTree Floating Rate Treasury Fund in the 3rd quarter worth about $47,000. Frankly Finances LLC purchased a new position in shares of WisdomTree Floating Rate Treasury Fund in the 1st quarter worth about $49,000. Finally, NBH Bank purchased a new position in shares of WisdomTree Floating Rate Treasury Fund in the 2nd quarter worth about $60,000.

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.