Obermeyer Loads Up On 187K TBIL Shares As the ETF May Soon Be Tokenized

Core Insights - Obermeyer Wealth Partners has increased its stake in the F/m U.S. Treasury 3 Month Bill ETF by 186,777 shares, with an estimated transaction value of $9.33 million [2] - The ETF has a total asset under management (AUM) of $6.31 billion and a current price of $49.88, with a dividend yield of 4.03% [4][5] - F/m Investments has filed an application with the SEC to digitize ownership of the ETF's shares on a blockchain ledger, which could make it the first known U.S. ETF to be digitally tokenized [7][8] ETF Overview - The F/m U.S. Treasury 3 Month Bill ETF aims to provide investment results that correspond to the performance of U.S. Treasury 3-month bills, investing at least 80% of its assets in that bond market [5] - The ETF has shown a 1-year total return of -0.24% and a growth of only 0.22% over the last five years [4][6] Investment Implications - Investing in TBIL may offer lower risk due to its focus on short-term bonds, which are less susceptible to default and interest rate fluctuations [6] - The potential digitization of shares may attract investors interested in blockchain technology, although it may not appeal to those averse to the blockchain space [8]