Koa Wealth Management, LLC sold its entire position in Innovative Industrial Properties, cashing out 68,221 shares for $3.77 million in Q3 2025. The move removes IIPR from the fund’s portfolio, previously representing 3.0% of AUM. The stock is down 25.5% YTD, offering a 14.46% dividend yield.

The SEC filing confirmed Koa Wealth Management’s complete exit from Innovative Industrial Properties, with zero shares held as of September 30, 2025. The fund’s top holdings post-sale include BRK-B, AAPL, GOOGL, HALO, and SGOV, with IIPR no longer in the mix. IIPR shares were priced at $49.63 as of October 29, 2025.

Koa Wealth Management’s decision to sell off its stake in IIPR reflects caution towards the volatile cannabis sector. IIPR leases properties to licensed cannabis operators, providing steady cash flow with a high dividend yield. The fund’s move suggests a shift to more stable investments, despite potential deep-value opportunities in IIPR’s portfolio.

Read more at Nasdaq: Koa Wealth Liquidates All 68K IIPR Shares Valued at $3.8 Million