Deutsche Bank AG Reduces Holdings in Elme Communities (NYSE:ELME)

Deutsche Bank AG is a multinational investment bank and financial services company headquartered in Frankfurt, Germany. The company operates globally and provides a range of financial products and services to individuals, corporations, and governments.

Elme Communities NYSEELME is a publicly traded real estate investment trust (REIT) that owns and operates a portfolio of multifamily properties located primarily in the United States. The company's properties are managed by Elme Management Company, LLC, which is also owned by Elme Communities NYSEELME.

According to its most recent 13F filing with the Securities and Exchange Commission (SEC), Deutsche Bank AG reduced its stake in Elme Communities NYSEELME by 24.0% during the third quarter of 2021. The fund owned 58,075 shares of the company's stock after selling 18,350 shares during the period.

Prior to the sale of shares, Deutsche Bank AG owned approximately 0.07% of Elme Communities NYSEELME's outstanding common stock. The exact reason for the reduction in holdings is not disclosed in the filing, but it may be related to changes in the company's business strategy or financial performance.

It's worth noting that the 13F filing is a quarterly report that investment managers are required to file with the SEC, which provides insight into their holdings and trading activities. However, it's important to note that this information may not reflect the current state of the company or its stock price.