Checchi Capital Advisers LLC has significantly reduced its holdings in Crown Castle Inc., selling 7,165 shares during the second quarter. The resulting 46.4% decrease leaves the firm with 8,279 shares in the real estate investment trust, valued at $851,000.
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Checchi Capital Advisers LLC Has $851,000 Stock Holdings in Crown Castle Inc. $CCI
Photo by The Lincolnian Online
Key Takeaways:
- Checchi Capital Advisers LLC sold 7,165 Crown Castle shares
- Their overall stake dropped by 46.4%
- The firm retains 8,279 shares
- New valuation of these shares is $851,000
- Crown Castle Inc. is a real estate investment trust
Checchi Capital’s Move
Checchi Capital Advisers LLC recently trimmed its stake in Crown Castle Inc., according to data reported by The Lincolnian Online. The sell-off occurred in the second quarter, creating a notable shift in the firm’s investment position with this real estate investment trust.
Details of the Transaction
Regulatory filings indicate that Checchi Capital Advisers LLC sold 7,165 shares during this period. This move represents a 46.4% reduction in its stake. As a result, the firm now holds 8,279 shares in Crown Castle, signaling a substantial change in strategy for the quarter.
Focus on a Real Estate Investment Trust
Crown Castle Inc. operates as a real estate investment trust (REIT). After the sale, Checchi Capital Advisers LLC’s holdings in the company are valued at $851,000.
| Current Holdings (shares) | Shares Sold | Reduction (%) | Value of Holdings ($) |
|---|---|---|---|
| 8,279 | 7,165 | 46.4 | 851,000 |
Although the exact motivations behind the sale are not stated in the filing, these details highlight a significant portfolio adjustment by Checchi Capital Advisers LLC.
