Duff & Phelps Utility & Corporate Bond Trust
DUC
DUC was delisted on the 5th of March, 2021.
35 hedge funds and large institutions have $89.4M invested in Duff & Phelps Utility & Corporate Bond Trust in 2016 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 12 increasing their positions, 10 reducing their positions, and 4 closing their positions.
25% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 4
20% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 10
3% more funds holding
Funds holding: 34 → 35 (+1)
2% more capital invested
Capital invested by funds: $87.7M → $89.4M (+$1.63M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$3.31M |
| 2 |
LCM
Laurion Capital Management
New York
|
+$308K |
| 3 |
Invesco
Atlanta,
Georgia
|
+$90.5K |
| 4 |
PCP
Proficio Capital Partners
Newton,
Massachusetts
|
+$76.8K |
| 5 |
SIA
SeaBridge Investment Advisors
Summit,
New Jersey
|
+$75.5K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$2.85M |
| 2 |
LPL Financial
San Diego,
California
|
-$297K |
| 3 |
IP
Investment Partners
New Philadelphia,
Ohio
|
-$156K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$78.1K |
| 5 |
Fifth Third Bancorp
Cincinnati,
Ohio
|
-$29K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BC
26
Bartlett & Co
Cincinnati,
Ohio
| $27K | – | – | – |
|
|
IA
27
IFP Advisors
Tampa,
Florida
| $21K | +$20.9K | +2,165 | New |
|
|
AG
28
Advisor Group
Phoenix,
Arizona
| $21K | +$23.3K | +2,413 | New |
|
|
SBL
29
Sargent Bickham Lagudis
Boulder,
Colorado
| $18K | – | – | – |
|
30
US Bancorp
Minneapolis,
Minnesota
| $14K | – | – | – |
|
|
RFA
31
Reilly Financial Advisors
La Mesa,
California
| $12K | +$12.4K | +1,284 | New |
|
|
TRCT
32
Tower Research Capital (TRC)
New York
| $9K | +$8.47K | +879 | New |
|
|
NSIM
33
North Star Investment Management
Chicago,
Illinois
| $7K | – | – | – |
|
|
GWM
34
Geneos Wealth Management
Englewood,
Colorado
| $2K | -$3.27K | -339 | -56% |
|
|
IP
35
Investment Partners
New Philadelphia,
Ohio
| – | -$156K | -16,967 | Closed |
|
|
36
Fifth Third Bancorp
Cincinnati,
Ohio
| – | -$29K | -3,000 | Closed |
|
37
Citigroup
New York
| – | -$15.1K | -1,564 | -100% |
|
|
AIG
38
American International Group
New York
| – | -$14K | -1,413 | Closed |
|
|
MFS
39
MSI Financial Services
Springfield,
Massachusetts
| – | -$2K | -169 | Closed |
|
DUC Hedge Fund Activity: Q2 2016 in Review
35 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Duff & Phelps Utility & Corporate Bond Trust (DUC) for Q2 2016, worth a combined $89.4M — up 1.9% from $87.7M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new DUC positions and 4 closed out — a net gain of 1 holder — while 12 added to existing stakes and 10 trimmed.
The largest buyer was Sit Investment Associates, adding an estimated $3.31M. The largest seller was Karpus Investment Management, cutting an estimated $2.85M.
- 35 institutional investors held Duff & Phelps Utility & Corporate Bond Trust (DUC) as of Q2 2016, up from 34 in Q1 2016.
- Funds reported $89.4M of Duff & Phelps Utility & Corporate Bond Trust stock for Q2 2016, up 1.9% quarter-over-quarter.
- 5 funds opened new Duff & Phelps Utility & Corporate Bond Trust positions in Q2 2016 and 4 closed out, a net change of +1 holder.
- The largest Duff & Phelps Utility & Corporate Bond Trust buyer in Q2 2016 was Sit Investment Associates, an estimated $3.31M added.
- The largest Duff & Phelps Utility & Corporate Bond Trust seller in Q2 2016 was Karpus Investment Management, an estimated $2.85M sold.
Based on aggregated 13F filings for Q2 2016.