Sun Sep 15 11:46:54 UTC 2024: ## Daiwa Securities Group Cuts Holdings in Independence Realty Trust

**NEW YORK, September 15, 2024** – Daiwa Securities Group Inc. has reduced its stake in Independence Realty Trust, Inc. (NYSE: IRT) by 3.7% during the second quarter, according to a recent SEC filing. The firm now holds 70,214 shares of the real estate investment trust, valued at approximately $1,316,000.

This move follows a trend of several other hedge funds adjusting their positions in Independence Realty Trust. Ashton Thomas Private Wealth LLC, Pathway Financial Advisers LLC, Lazard Asset Management LLC, and Financial Gravity Asset Management Inc. all initiated new positions in the company during the first or second quarter.

Meanwhile, Advisors Asset Management Inc. increased its stake in Independence Realty Trust by 146.6% during the first quarter, now owning 2,833 shares valued at $46,000.

Overall, hedge funds and institutional investors currently own 88.25% of Independence Realty Trust’s outstanding shares.

Independence Realty Trust, Inc. focuses on multifamily housing in non-gateway U.S. markets such as Atlanta, Dallas, Denver, and Nashville. The company’s stock opened at $20.95 on Friday, with a 12-month low of $11.61 and a 12-month high of $20.97.

For more information on Independence Realty Trust, visit MarketBeat.com’s website.

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