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

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

WisdomTree Floating Rate Treasury Fund Stock Performance

The company has a 50 day simple moving average of $50.43 and a two-hundred day simple moving average of $50.40.

Hedge Funds Weigh In On WisdomTree Floating Rate Treasury Fund

A number of institutional investors and hedge funds have recently modified their holdings of USFR. Flynn Zito Capital Management LLC increased its stake in shares of WisdomTree Floating Rate Treasury Fund by 0.8% during the fourth quarter. Flynn Zito Capital Management LLC now owns 27,304 shares of the company’s stock worth $1,374,000 after buying an additional 215 shares during the period. Apella Capital LLC lifted its stake in WisdomTree Floating Rate Treasury Fund by 4.5% in the first quarter. Apella Capital LLC now owns 6,225 shares of the company’s stock worth $314,000 after acquiring an additional 270 shares during the last quarter. Florida Financial Advisors LLC lifted its stake in WisdomTree Floating Rate Treasury Fund by 3.6% in the first quarter. Florida Financial Advisors LLC now owns 7,744 shares of the company’s stock worth $390,000 after acquiring an additional 270 shares during the last quarter. Altus Wealth Group LLC grew its holdings in WisdomTree Floating Rate Treasury Fund by 5.1% during the 1st quarter. Altus Wealth Group LLC now owns 5,707 shares of the company’s stock worth $287,000 after acquiring an additional 276 shares in the last quarter. Finally, XY Planning Network Inc. grew its holdings in WisdomTree Floating Rate Treasury Fund by 1.3% during the 2nd quarter. XY Planning Network Inc. now owns 23,617 shares of the company’s stock worth $1,189,000 after acquiring an additional 304 shares in 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.