WisdomTree Floating Rate Treasury Fund (NYSEARCA:USFR) Shares Down 0.3% – What’s Next?

Shares of WisdomTree Floating Rate Treasury Fund (NYSEARCA:USFR) dropped 0.3% during trading on Thursday . The stock traded as low as $50.31 and last traded at $50.32. Approximately 6,241,634 shares were traded during trading, an increase of 31% from the average daily volume of 4,764,600 shares. The stock had previously closed at $50.46.

WisdomTree Floating Rate Treasury Fund Trading Up 0.0%

The business has a fifty day simple moving average of $50.40 and a 200 day simple moving average of $50.36.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. BIP Wealth LLC boosted its stake in WisdomTree Floating Rate Treasury Fund by 257.0% in the third quarter. BIP Wealth LLC now owns 19,545,603 shares of the company’s stock valued at $982,557,000 after acquiring an additional 14,070,631 shares during the period. Bank of America Corp DE boosted its position in WisdomTree Floating Rate Treasury Fund by 1.2% during the 2nd quarter. Bank of America Corp DE now owns 15,828,199 shares of the company’s stock valued at $796,317,000 after purchasing an additional 194,695 shares during the period. NewEdge Wealth LLC bought a new position in WisdomTree Floating Rate Treasury Fund during the 4th quarter worth $419,186,000. Captrust Financial Advisors increased its position in 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 worth $362,122,000 after buying an additional 117,325 shares during the period. Finally, Raymond James Financial Inc. lifted its stake in WisdomTree Floating Rate Treasury Fund by 5.5% in the fourth quarter. Raymond James Financial Inc. now owns 7,107,531 shares of the company’s stock valued at $357,651,000 after buying an additional 371,877 shares during the last quarter.

WisdomTree Floating Rate Treasury Fund Company Profile

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.