WisdomTree Bloomberg Floating Rate Treasury Fund (NYSEARCA:USFR) Trading 0% Higher – Still a Buy?

WisdomTree Bloomberg Floating Rate Treasury Fund (NYSEARCA:USFR) rose 0% on Wednesday . The stock traded as high as $50.29 and last traded at $50.29. Approximately 3,756,418 shares were traded during trading, a decline of 7% from the average daily volume of 4,031,329 shares. The stock had previously closed at $50.28.

WisdomTree Bloomberg Floating Rate Treasury Fund Stock Up 0.0 %

The stock has a fifty day simple moving average of $50.32 and a two-hundred day simple moving average of $50.36.

Hedge Funds Weigh In On WisdomTree Bloomberg Floating Rate Treasury Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. LPL Financial LLC raised its stake in shares of WisdomTree Bloomberg Floating Rate Treasury Fund by 0.6% during the second quarter. LPL Financial LLC now owns 13,101,413 shares of the company’s stock valued at $659,132,000 after acquiring an additional 76,580 shares during the last quarter. BIP Wealth LLC raised its position in WisdomTree Bloomberg Floating Rate Treasury Fund by 16.0% during the 3rd quarter. BIP Wealth LLC now owns 6,007,317 shares of the company’s stock worth $301,426,000 after purchasing an additional 828,345 shares during the last quarter. Captrust Financial Advisors lifted its holdings in WisdomTree Bloomberg Floating Rate Treasury Fund by 2.3% during the 3rd quarter. Captrust Financial Advisors now owns 4,847,514 shares of the company’s stock worth $243,442,000 after buying an additional 107,848 shares during the period. Annex Advisory Services LLC grew its position in shares of WisdomTree Bloomberg Floating Rate Treasury Fund by 8,647.6% in the 3rd quarter. Annex Advisory Services LLC now owns 3,517,653 shares of the company’s stock valued at $176,657,000 after buying an additional 3,477,440 shares during the last quarter. Finally, Certuity LLC increased its stake in shares of WisdomTree Bloomberg Floating Rate Treasury Fund by 49.9% in the second quarter. Certuity LLC now owns 2,839,308 shares of the company’s stock valued at $142,846,000 after buying an additional 944,723 shares during the period.

WisdomTree Bloomberg 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.