Insider Buying: DWS Strategic Income Trust Director Buys 1,000 Shares of Stock (KST)
DWS Strategic Income Trust (NYSE:KST) Director Kenneth C. Froewiss acquired 1,000 shares of the stock on the open market in a transaction that occurred on Friday, June 20th. The shares were purchased at an average price of $12.77 per share, for a total transaction of $12,770.00. Following the purchase, the director now directly owns 1,100 shares of the company’s stock, valued at approximately $14,047. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
DWS Strategic Income Trust (NYSE:KST) traded down 0.16% during mid-day trading on Tuesday, hitting $12.77. 8,154 shares of the company’s stock traded hands. DWS Strategic Income Trust has a 1-year low of $12.28 and a 1-year high of $14.58. The stock’s 50-day moving average is $12.78 and its 200-day moving average is $12.84.
DWS Strategic Income Trust is a closed-end, diversified management investment company. The Fund seeks to provide high current income 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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