Interesting trading in AIV, AVB, and EQR. All experienced huge volumes just before the close that drove prices downward. Someone was getting out in a big way....I used it as an opportunity to pick up some trading shares in the 5.20 range. We'll see.
The AIV preferreds were up nicely today. Other REITs had the same situation, common down preferreds up. Some kind of arbitrage strategy. Have seen it on other days in both directions. i.e. common up, preferreds down.
I can only assume a fund dumping, eh? Wait, excuse me while I buy at $5.1299 . . . ah, there! The volume in this stock remains very high, you wouldn't think 5% of the entire common stock issuance could trade each day over an extended period of time, who's doing all this buying and selling? Oh well, never mind, just take advantage, eh?