Core Viewpoint - Strong Tower Advisory Services has fully liquidated its position in the F/m US Treasury 3 Month Bill ETF (NASDAQ:TBIL), indicating a strategic shift in investment focus [1][2]. ETF Overview - The F/m US Treasury 3 Month Bill ETF (TBIL) has assets under management (AUM) of $6.31 billion and offers a yield of 4.06% [4]. - As of January 22, TBIL shares were priced at $49.98, showing minimal price fluctuation over the past year, with a 1-year total return of 4.13% [3][4]. Investment Strategy - TBIL's investment strategy focuses on tracking the performance of the most recently issued 3-month U.S. Treasury bill, with at least 80% of assets invested in this security [9]. - The fund provides daily liquidity and is structured as an ETF, making it a low-cost vehicle for capital preservation and current income [9][11]. Market Context - The liquidation of TBIL shares by Strong Tower Advisory Services may reflect a broader trend where ultra-short Treasury ETFs are seen as less attractive when opportunity costs rise [10]. - The fund's performance has remained stable, fulfilling its role as an institutional cash tool, but may become redundant as liquidity is available through other investments [11][12].

Core Viewpoint - Wealthstar Advisors has reduced its position in the F/m US Treasury 3 Month Bill ETF (NASDAQ:TBIL) by selling 129,169 shares for an estimated value of $6.45 million, indicating a strategic reassessment of liquidity needs rather than a negative outlook on credit or interest rates [1][2][11]. Company Actions - Wealthstar Advisors sold 129,169 shares of TBIL during the quarter, with the estimated transaction value being $6.45 million based on average pricing [2]. - The quarter-end value of the holding decreased by $6.46 million, reflecting both trading activity and price movement [2]. Fund Overview - TBIL now represents 0.2% of the 13F reportable assets under management (AUM) at Wealthstar Advisors [3]. - As of January 29, TBIL shares were priced at $49.85, with a total AUM of $6.31 billion and a dividend yield of 4% [4][3]. Investment Strategy - TBIL aims to track the performance of the most recently issued 3-month U.S. Treasury Bill, maintaining a highly liquid and low credit risk profile by holding a single issue each month [9]. - The fund consists of at least 80% of net assets invested in the current 3-month Treasury Bill, ensuring daily liquidity and transparent pricing [9]. Market Implications - The reduction in TBIL holdings suggests a potential redeployment of excess liquidity rather than a defensive strategy, as the portfolio still maintains exposure to longer-duration and credit-sensitive fixed income vehicles [12][13]. - The move indicates a recalibration of portfolio needs in an environment where yields have normalized, highlighting the opportunity cost of holding excess cash [13].