WisdomTree Bloomberg Floating Rate Treasury Fund (NYSEARCA:USFR) Sees Large Volume Increase – Still a Buy?

WisdomTree Bloomberg Floating Rate Treasury Fund (NYSEARCA:USFRGet Free Report) shares saw unusually-high trading volume on Tuesday . Approximately 15,522,380 shares changed hands during mid-day trading, an increase of 287% from the previous session’s volume of 4,005,959 shares.The stock last traded at $50.41 and had previously closed at $50.40.

WisdomTree Bloomberg Floating Rate Treasury Fund Stock Up 0.0 %

The business’s 50 day moving average is $50.34 and its 200-day moving average is $50.35.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in USFR. Cascade Investment Advisors Inc. raised its position in WisdomTree Bloomberg Floating Rate Treasury Fund by 2.4% in the third quarter. Cascade Investment Advisors Inc. now owns 9,708 shares of the company’s stock valued at $488,000 after purchasing an additional 227 shares during the period. OneDigital Investment Advisors LLC raised its holdings in WisdomTree Bloomberg Floating Rate Treasury Fund by 1.5% in the third quarter. OneDigital Investment Advisors LLC now owns 16,725 shares of the company’s stock valued at $840,000 after acquiring an additional 251 shares in the last quarter. Prestige Wealth Management Group LLC increased its position in shares of WisdomTree Bloomberg Floating Rate Treasury Fund by 0.4% in the 2nd quarter. Prestige Wealth Management Group LLC now owns 70,383 shares of the company’s stock valued at $3,541,000 after purchasing an additional 283 shares during the last quarter. Simplicity Wealth LLC boosted its position in shares of WisdomTree Bloomberg Floating Rate Treasury Fund by 5.5% during the 3rd quarter. Simplicity Wealth LLC now owns 6,008 shares of the company’s stock worth $302,000 after acquiring an additional 311 shares in the last quarter. Finally, WESCAP Management Group Inc. increased its stake in WisdomTree Bloomberg Floating Rate Treasury Fund by 1.2% in the third quarter. WESCAP Management Group Inc. now owns 34,605 shares of the company’s stock valued at $1,738,000 after purchasing an additional 396 shares during the last quarter.

WisdomTree Bloomberg Floating Rate Treasury Fund Company Profile

(Get Free Report)

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.

Further Reading

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