WisdomTree Floating Rate Treasury Fund (NYSEARCA:USFR) Sets New 12-Month High – Should You Buy?

WisdomTree Floating Rate Treasury Fund (NYSEARCA:USFR) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $50.51 and last traded at $50.5050, with a volume of 452589 shares. The stock had previously closed at $50.49.

WisdomTree Floating Rate Treasury Fund Price Performance

The business has a 50-day simple moving average of $50.42 and a 200-day simple moving average of $50.40.

Institutional Inflows and Outflows

A number of institutional investors 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 1st quarter valued at approximately $29,000. Physician Wealth Advisors Inc. acquired a new stake in WisdomTree Floating Rate Treasury Fund in the first quarter valued at $31,000. Frankly Finances LLC purchased a new position in shares of WisdomTree Floating Rate Treasury Fund in the 1st quarter valued at about $49,000. Cornerstone Planning Group LLC boosted its holdings in shares of WisdomTree Floating Rate Treasury Fund by 1,353.5% in the 4th quarter. Cornerstone Planning Group LLC now owns 1,032 shares of the company’s stock valued at $52,000 after buying an additional 961 shares in the last quarter. Finally, NBH Bank acquired a new stake in WisdomTree Floating Rate Treasury Fund during the 2nd quarter worth $60,000.

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.