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

WisdomTree Floating Rate Treasury Fund (NYSEARCA:USFR) hit a new 52-week high during trading on Monday . The stock traded as high as $50.51 and last traded at $50.5050, with a volume of 4597931 shares. The stock had previously closed at $50.49.

WisdomTree Floating Rate Treasury Fund Trading Up 0.0%

The stock’s 50-day simple moving average is $50.43 and its two-hundred day simple moving average is $50.41.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of USFR. Bank of America Corp DE increased 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 worth $802,122,000 after buying an additional 1,551,622 shares in the last quarter. Captrust Financial Advisors lifted its position in shares of WisdomTree Floating Rate Treasury Fund by 1.7% in the fourth quarter. Captrust Financial Advisors now owns 7,196,392 shares of the company’s stock valued at $362,122,000 after acquiring an additional 117,325 shares in the last quarter. Private Advisor Group LLC lifted its position in shares of WisdomTree Floating Rate Treasury Fund by 16.4% in the first quarter. Private Advisor Group LLC now owns 2,316,049 shares of the company’s stock valued at $116,590,000 after acquiring an additional 326,696 shares in the last quarter. Kestra Advisory Services LLC boosted its stake 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 worth $101,175,000 after acquiring an additional 882,801 shares during the last quarter. Finally, Cardinal Point Capital Management ULC boosted its stake in shares of WisdomTree Floating Rate Treasury Fund by 2.6% in the first quarter. Cardinal Point Capital Management ULC now owns 1,474,438 shares of the company’s stock worth $74,223,000 after acquiring an additional 37,555 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.