Wells Fargo & Company MN Purchases 1 Shares of DWS Strategic Income Trust (KST)
Wells Fargo & Company MN lifted its position in shares of DWS Strategic Income Trust (NYSE:KST) by 0.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 100,475 shares of the investment management company’s stock after purchasing an additional 1 shares during the quarter. Wells Fargo & Company MN owned approximately 2.31% of DWS Strategic Income Trust worth $1,245,000 as of its most recent filing with the Securities and Exchange Commission.
Separately, Shaker Financial Services LLC grew its holdings in shares of DWS Strategic Income Trust by 413.5% during the 2nd quarter. Shaker Financial Services LLC now owns 64,685 shares of the investment management company’s stock worth $801,000 after purchasing an additional 52,087 shares in the last quarter. Institutional investors and hedge funds own 38.16% of the company’s stock.
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Shares of DWS Strategic Income Trust (NYSE KST) opened at 12.4747 on Wednesday. The stock’s 50 day moving average price is $12.44 and its 200 day moving average price is $12.37. DWS Strategic Income Trust has a one year low of $11.55 and a one year high of $12.54.
The company also recently announced a monthly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Monday, October 16th were paid a dividend of $0.044 per share. The ex-dividend date was Friday, October 13th. This represents a $0.53 dividend on an annualized basis and a dividend yield of 4.23%. This is a positive change from DWS Strategic Income Trust’s previous monthly dividend of $0.04.
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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