Icon Advisers Inc. Co. cut its holdings in DWS Strategic Income Trust (NYSE:KST) by 8.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 122,406 shares of the investment management company’s stock after selling 11,113 shares during the quarter. Icon Advisers Inc. Co. owned about 2.81% of DWS Strategic Income Trust worth $1,517,000 as of its most recent SEC filing.
Separately, Shaker Financial Services LLC raised its position in DWS Strategic Income Trust by 413.5% in the second quarter. Shaker Financial Services LLC now owns 64,685 shares of the investment management company’s stock worth $801,000 after acquiring an additional 52,087 shares in the last quarter. 41.95% of the stock is currently owned by hedge funds and other institutional investors.
Shares of DWS Strategic Income Trust (KST) opened at 12.37 on Friday. The firm has a 50-day moving average of $12.35 and a 200 day moving average of $12.31. DWS Strategic Income Trust has a 12 month low of $11.55 and a 12 month high of $12.51.
The company also recently declared a monthly dividend, which will be paid on Friday, September 29th. Investors of record on Monday, September 18th will be issued a $0.042 dividend. This represents a $0.50 annualized dividend and a yield of 4.07%. The ex-dividend date of this dividend is Friday, September 15th.
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About DWS Strategic Income Trust
Deutsche Strategic Income Trust (the Fund) is a closed-end, diversified management investment company. The Fund’s investment objective is to provide high current income. The Fund seeks to achieve its objective by investing its assets in a combination of lower-rated corporate fixed-income securities, fixed-income securities of emerging markets and other foreign issuers, and fixed-income securities of the United States government and its agencies and instrumentalities, and mortgage-backed issuers.
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