Strong Tower Advisory Fully Liquidates US Treasury ETF Position
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Fool
- Liquidation Trade: Strong Tower Advisory Services fully liquidated its position in the F/m US Treasury 3 Month Bill ETF during Q4 2023, selling 342,799 shares for an estimated $17.14 million, significantly reducing the fund's quarter-end position value.
- Portfolio Overview: As of January 22, the F/m US Treasury 3 Month Bill ETF had $6.31 billion in assets under management and a yield of approximately 4.06%, reflecting strong demand for liquid, low-risk cash alternatives in the market.
- Investment Strategy: The ETF's 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 the index's components, providing direct exposure to short-term U.S. government debt with minimal credit risk.
- Market Implications: This transaction indicates that as opportunity costs rise, ultra-short Treasury ETFs may become the first source of funding for new investment ideas, highlighting a decline in the relative attractiveness of cash liquidity compared to other investment options.
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Analyst Views on NVDA
Wall Street analysts forecast NVDA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NVDA is 264.97 USD with a low forecast of 200.00 USD and a high forecast of 352.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
41 Analyst Rating
39 Buy
1 Hold
1 Sell
Strong Buy
Current: 192.510
Low
200.00
Averages
264.97
High
352.00
Current: 192.510
Low
200.00
Averages
264.97
High
352.00
About NVDA
NVIDIA Corporation is a full-stack computing infrastructure company. The Company is engaged in accelerated computing to help solve the challenging computational problems. The Company’s segments include Compute & Networking and Graphics. The Compute & Networking segment includes its Data Center accelerated computing platforms and artificial intelligence (AI) solutions and software; networking; automotive platforms and autonomous and electric vehicle solutions; Jetson for robotics and other embedded platforms, and DGX Cloud computing services. The Graphics segment includes GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems, and Omniverse Enterprise software for building and operating industrial AI and digital twin applications.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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