Deutsche Bank AG reduced its holdings in shares of Sachem Capital Corp (NYSEAMERICAN:SACH) by 87.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 9,492 shares of the company’s stock after selling 66,708 shares during the period. Deutsche Bank AG owned approximately 0.06% of Sachem Capital worth $37,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of SACH. BlackRock Inc. boosted its holdings in shares of Sachem Capital by 93.7% in the fourth quarter. BlackRock Inc. now owns 68,699 shares of the company’s stock valued at $268,000 after acquiring an additional 33,229 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Sachem Capital by 15.6% in the third quarter. Vanguard Group Inc. now owns 340,075 shares of the company’s stock valued at $1,418,000 after purchasing an additional 46,000 shares during the period. Finally, Vanguard Group Inc lifted its stake in shares of Sachem Capital by 15.6% in the third quarter. Vanguard Group Inc now owns 340,075 shares of the company’s stock valued at $1,418,000 after purchasing an additional 46,000 shares during the period.
Shares of NYSEAMERICAN SACH traded down $0.21 during midday trading on Monday, hitting $5.10. The company had a trading volume of 247,600 shares, compared to its average volume of 121,582. Sachem Capital Corp has a twelve month low of $3.80 and a twelve month high of $5.64.
Sachem Capital Corp. operates as a real estate finance company. The company engages in originating, underwriting, funding, servicing, and managing a portfolio of short-term loans secured by first mortgage liens on real property located primarily in Connecticut. It offers loans to real estate investors to fund their acquisition, renovation, development, rehabilitation, or improvement of properties located in Connecticut, Massachusetts, Florida, New York, Vermont, and Rhode Island.
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