Duff & Phelps Utility & Corporate Bond Trust
DUC
DUC was delisted on the 5th of March, 2021.
36 hedge funds and large institutions have $90.1M invested in Duff & Phelps Utility & Corporate Bond Trust in 2016 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 14 increasing their positions, 7 reducing their positions, and 2 closing their positions.
100% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 7
50% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 2
3% more funds holding
Funds holding: 35 → 36 (+1)
1% more capital invested
Capital invested by funds: $89.4M → $90.1M (+$732K)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.72M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$1.14M |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$618K |
| 4 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$389K |
| 5 |
DA
Doliver Advisors
Houston,
Texas
|
+$203K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$3.75M |
| 2 |
LCM
Laurion Capital Management
New York
|
-$311K |
| 3 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$63.2K |
| 4 |
AG
Advisor Group
Phoenix,
Arizona
|
-$12.9K |
| 5 |
WCM
Windsor Capital Management
Phoenix,
Arizona
|
-$12.8K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MSFP
26
Mark Sheptoff Financial Planning
Glastonbury,
Connecticut
| $39K | – | – | – |
|
|
BC
27
Bartlett & Co
Cincinnati,
Ohio
| $27K | – | – | – |
|
|
LTFS
28
Ladenburg Thalmann Financial Services
Miami,
Florida
| $27K | +$68 | +7 | +0.3% |
|
|
IA
29
IFP Advisors
Tampa,
Florida
| $21K | – | – | – |
|
30
US Bancorp
Minneapolis,
Minnesota
| $14K | – | – | – |
|
|
RFA
31
Reilly Financial Advisors
La Mesa,
California
| $13K | – | – | – |
|
|
AG
32
Advisor Group
Phoenix,
Arizona
| $11K | -$12.9K | -1,323 | -55% |
|
|
TRCT
33
Tower Research Capital (TRC)
New York
| $7K | -$1.74K | -179 | -20% |
|
|
NSIM
34
North Star Investment Management
Chicago,
Illinois
| $7K | – | – | – |
|
|
GWM
35
Geneos Wealth Management
Englewood,
Colorado
| $2K | – | – | – |
|
|
SBL
36
Sargent Bickham Lagudis
Boulder,
Colorado
| $19 | – | – | – |
|
|
LCM
37
Laurion Capital Management
New York
| – | -$311K | -31,966 | Closed |
|
DUC Hedge Fund Activity: Q3 2016 in Review
36 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Duff & Phelps Utility & Corporate Bond Trust (DUC) for Q3 2016, worth a combined $90.1M — up 0.82% from $89.4M a quarter earlier.
Buyers outnumbered sellers: 3 funds opened new DUC positions and 2 closed out — a net gain of 1 holder — while 14 added to existing stakes and 7 trimmed.
The largest buyer was Sit Investment Associates, adding an estimated $1.72M. The largest seller was Karpus Investment Management, cutting an estimated $3.75M.
- 36 institutional investors held Duff & Phelps Utility & Corporate Bond Trust (DUC) as of Q3 2016, up from 35 in Q2 2016.
- Funds reported $90.1M of Duff & Phelps Utility & Corporate Bond Trust stock for Q3 2016, up 0.82% quarter-over-quarter.
- 3 funds opened new Duff & Phelps Utility & Corporate Bond Trust positions in Q3 2016 and 2 closed out, a net change of +1 holder.
- The largest Duff & Phelps Utility & Corporate Bond Trust buyer in Q3 2016 was Sit Investment Associates, an estimated $1.72M added.
- The largest Duff & Phelps Utility & Corporate Bond Trust seller in Q3 2016 was Karpus Investment Management, an estimated $3.75M sold.
Based on aggregated 13F filings for Q3 2016.