Icon Advisers Inc. Co. reduced its holdings in Deutsche Multi-Market Income Trust (NYSE:KMM) by 8.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 771,731 shares of the investment management company’s stock after selling 68,684 shares during the quarter. Icon Advisers Inc. Co. owned approximately 3.45% of Deutsche Multi-Market Income Trust worth $6,915,000 at the end of the most recent reporting period.
Separately, Ameriprise Financial Inc. increased its position in shares of Deutsche Multi-Market Income Trust by 20.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 14,990 shares of the investment management company’s stock valued at $132,000 after buying an additional 2,540 shares in the last quarter. Institutional investors own 39.42% of the company’s stock.
Shares of Deutsche Multi-Market Income Trust (KMM) traded down $0.03 during midday trading on Thursday, reaching $8.87. 32,656 shares of the company were exchanged, compared to its average volume of 43,559. Deutsche Multi-Market Income Trust has a 12-month low of $8.42 and a 12-month high of $8.99.
The business also recently announced a monthly dividend, which was paid on Thursday, November 30th. Investors of record on Monday, November 20th were paid a $0.035 dividend. This represents a $0.42 dividend on an annualized basis and a yield of 4.74%. The ex-dividend date of this dividend was Friday, November 17th.
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Deutsche Multi-Market Income Trust Profile
Deutsche Multi-Market Income Trust (the Fund) is a closed-end, diversified management investment company. The Fund’s investment objective is to provide high current income consistent with prudent total-return asset management. The Fund seeks to achieve its objective by investing its assets in a range of securities, such as United States corporate fixed-income securities and debt obligations of foreign governments, their agencies and instrumentalities, either of which may be denominated in foreign currencies, debt obligations of the United States government, and its agencies and instrumentalities and other income-producing securities, including securities that may be denominated in foreign currencies.
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