WisdomTree Floating Rate Treasury Fund (NYSEARCA:USFR) Hits New 1-Year High – What’s Next?

WisdomTree Floating Rate Treasury Fund (NYSEARCA:USFR)’s share price reached a new 52-week high on Monday. The company traded as high as $50.53 and last traded at $50.5350, with a volume of 5,438,188 shares trading hands. The stock had previously closed at $50.52.

WisdomTree Floating Rate Treasury Fund Stock Performance

The stock has a 50-day simple moving average of $50.44 and a two-hundred day simple moving average of $50.42.

Hedge Funds Weigh In On WisdomTree Floating Rate Treasury Fund

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE raised its holdings in WisdomTree Floating Rate Treasury Fund by 10.8% during 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. BIP Wealth LLC lifted its position in WisdomTree Floating Rate Treasury Fund by 2.1% in the third quarter. BIP Wealth LLC now owns 5,638,832 shares of the company’s stock worth $284,141,000 after buying an additional 117,141 shares during the last quarter. Morton Capital Management LLC CA boosted its stake in WisdomTree Floating Rate Treasury Fund by 79.4% during the third quarter. Morton Capital Management LLC CA now owns 3,122,365 shares of the company’s stock worth $157,336,000 after buying an additional 1,381,797 shares during the period. Private Advisor Group LLC boosted its stake in shares of WisdomTree Floating Rate Treasury Fund by 16.4% during the 1st quarter. Private Advisor Group LLC now owns 2,316,049 shares of the company’s stock worth $116,590,000 after purchasing an additional 326,696 shares during the period. Finally, Kestra Advisory Services LLC lifted its stake in 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 purchasing an additional 882,801 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.