Obermeyer Wealth Partners recently purchased 186,777 shares of F/m U.S. Treasury 3 Month Bill ETF (TBIL), valued at approximately $9.33 million based on average pricing during the quarter. F/m Investments, the manager of TBIL, filed an application with the SEC to tokenize shares of the ETF on a blockchain ledger, a first-of-its-kind move.

Obermeyer’s stake in TBIL now accounts for 3.03% of its reportable assets under management post-purchase. Top holdings in Obermeyer’s portfolio include major tech companies like Google, Qualcomm, Microsoft, and Apple. TBIL, with an AUM of $6.31 billion, has a dividend yield of 4.03% and a 1-year total return of -0.24%.

TBIL’s strategy is to mirror the performance of U.S. Treasury 3-month bills by investing at least 80% of its assets in this bond market. While bond investments grow slower than stocks, TBIL focuses on short-term bonds to reduce the risk of default and interest rate fluctuations. F/m Investments seeks to digitize ownership of TBIL shares on a blockchain ledger, pending SEC approval.

If approved, TBIL would be the first U.S. ETF to be digitally tokenized, offering innovative ownership structures on a blockchain ledger. However, investors who are averse to blockchain technology may not find TBIL suitable. The move highlights a potential shift in the ETF landscape towards digital ownership, with stringent regulatory frameworks in place.

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Read more at Nasdaq: Obermeyer Loads Up On 187K TBIL Shares As the ETF May Soon Be Tokenized