WisdomTree Floating Rate Treasury Fund (NYSEARCA:USFR) Shares Up 0% – Should You Buy?

WisdomTree Floating Rate Treasury Fund (NYSEARCA:USFR) shares shot up 0% during trading on Tuesday . The company traded as high as $50.39 and last traded at $50.38. 4,012,370 shares changed hands during trading, a decline of 17% from the average session volume of 4,842,190 shares. The stock had previously closed at $50.37.

WisdomTree Floating Rate Treasury Fund Trading Up 0.0%

The stock’s 50-day moving average price is $50.37 and its 200 day moving average price is $50.38.

Institutional Investors Weigh In On WisdomTree Floating Rate Treasury Fund

A number of institutional investors have recently bought and sold shares of the business. Summit Trail Advisors LLC boosted its stake in WisdomTree Floating Rate Treasury Fund by 25.2% during the first quarter. Summit Trail Advisors LLC now owns 27,347,752 shares of the company’s stock worth $1,376,412,000 after buying an additional 5,502,742 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in WisdomTree Floating Rate Treasury Fund by 108.3% during the first quarter. JPMorgan Chase & Co. now owns 20,836,368 shares of the company’s stock worth $1,048,694,000 after buying an additional 10,832,800 shares in the last quarter. LPL Financial LLC boosted its stake in shares of WisdomTree Floating Rate Treasury Fund by 1.5% in the 1st quarter. LPL Financial LLC now owns 12,794,277 shares of the company’s stock valued at $643,936,000 after purchasing an additional 186,485 shares in the last quarter. Raymond James Financial Inc. boosted its stake in shares of WisdomTree Floating Rate Treasury Fund by 11.5% in the 1st quarter. Raymond James Financial Inc. now owns 6,364,168 shares of the company’s stock valued at $320,309,000 after purchasing an additional 656,997 shares in the last quarter. Finally, BIP Wealth LLC boosted its stake in shares of WisdomTree Floating Rate Treasury Fund by 1.2% in the 1st quarter. BIP Wealth LLC now owns 5,766,837 shares of the company’s stock valued at $290,245,000 after purchasing an additional 70,097 shares in 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.