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

Shares of WisdomTree Floating Rate Treasury Fund (NYSEARCA:USFR) were up 0% on Tuesday . The company traded as high as $50.47 and last traded at $50.47. 6,892,621 shares changed hands during trading, an increase of 36% from the average daily volume of 5,080,758 shares. The stock had previously closed at $50.45.

WisdomTree Floating Rate Treasury Fund Stock Down 0.0%

The business’s 50 day moving average is $50.43 and its 200-day moving average is $50.41.

Institutional Investors Weigh In On WisdomTree Floating Rate Treasury Fund

Several institutional investors have recently modified their holdings of the company. Bank of America Corp DE raised its stake in WisdomTree Floating Rate Treasury Fund by 10.8% during the 1st 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 last quarter. Stenger Family Office LLC acquired a new position in shares of WisdomTree Floating Rate Treasury Fund in the first quarter valued at approximately $50,799,000. Kestra Advisory Services LLC increased its holdings in shares of WisdomTree Floating Rate Treasury Fund by 78.3% in the first quarter. Kestra Advisory Services LLC now owns 2,009,823 shares of the company’s stock valued at $101,175,000 after purchasing an additional 882,801 shares during the period. NewEdge Advisors LLC increased its holdings in shares of WisdomTree Floating Rate Treasury Fund by 363.1% in the first quarter. NewEdge Advisors LLC now owns 922,353 shares of the company’s stock valued at $46,431,000 after purchasing an additional 723,199 shares during the period. Finally, Hamilton Wealth LLC raised its stake in shares of WisdomTree Floating Rate Treasury Fund by 617.4% during the first quarter. Hamilton Wealth LLC now owns 643,608 shares of the company’s stock worth $32,399,000 after purchasing an additional 553,898 shares during the last quarter.

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.