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DUC

Duff & Phelps Utility & Corporate Bond Trust
DUC

Delisted

DUC was delisted on the 5th of March, 2021.

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36 hedge funds and large institutions have $131M invested in Duff & Phelps Utility & Corporate Bond Trust in 2019 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 15 increasing their positions, 5 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

200% more repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 5

6% more capital invested

Capital invested by funds: $123M → $131M (+$7.9M)

12% less funds holding

Funds holding: 41 → 36 (-5)

43% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 7

Holders
36
Holders Change
-5
Holders Change %
-12.2%
% of All Funds
0.78%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
4
Increased
15
Reduced
5
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
+$3.69M
2
1CP
1607 Capital Partners
Virginia
+$842K
3
UBS Group
UBS Group
Switzerland
+$315K
4
RFM
Royal Fund Management
Florida
+$117K
5
WAM
Wolverine Asset Management
Illinois
+$62.2K

Top Sellers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
-$1.03M
2
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$518K
3
BI
Bulldog Investors
New Jersey
-$460K
4
AGM
Alpine Global Management
New York
-$116K
5
CA
Cetera Advisors
Colorado
-$105K
Name Holding Trade Value Shares
Change 		Change in
Stake
WB
26
Webster Bank
Connecticut
$26K – – –
LTFS
27
Ladenburg Thalmann Financial Services
Florida
$26K +$126 +15 +0.5%
SBL
28
Sargent Bickham Lagudis
Colorado
$16K – – –
HNB
29
Huntington National Bank
Ohio
$15K – – –
US Bancorp
30
US Bancorp
Minnesota
$12K – – –
RFA
31
Reilly Financial Advisors
California
$11K – – –
RCAG
32
Rehmann Capital Advisory Group
Michigan
$9.86K +$126 +15 +1%
QCIG
33
Quad-Cities Investment Group
Iowa
$8K – – –
AG
34
Advisor Group
Arizona
$4K – – –
FHA
35
Flagship Harbor Advisors
Massachusetts
$2K – – –
GWM
36
Geneos Wealth Management
Colorado
$2K – – –
TA
37
TCG Advisors
Texas
$2K +$1.81K +216 New
AGM
38
Alpine Global Management
New York
– -$116K -14,085 Closed
CA
39
Cetera Advisors
Colorado
– -$105K -12,694 Closed
MCM
40
Maryland Capital Management
Maryland
– -$92K -11,200 Closed
Commonwealth Equity Services
41
Commonwealth Equity Services
Massachusetts
– -$86K -10,464 Closed
SWM
42
SeaCrest Wealth Management
New York
– -$35K -4,250 Closed
AIC
43
Ameritas Investment Company
Nebraska
– -$8K -1,000 Closed
1
2

DUC Hedge Fund Activity: Q1 2019 in Review

36 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Duff & Phelps Utility & Corporate Bond Trust (DUC) for Q1 2019, worth a combined $131M — up 6.4% from $123M a quarter earlier.

Sellers outnumbered buyers: 7 funds closed out of DUC and 4 opened new positions — a net loss of 3 holders — while 5 trimmed existing stakes and 15 added.

The largest buyer was Karpus Investment Management, adding an estimated $3.69M. The largest seller was Sit Investment Associates, cutting an estimated $1.03M.

  • 36 institutional investors held Duff & Phelps Utility & Corporate Bond Trust (DUC) as of Q1 2019, down from 41 in Q4 2018.
  • Funds reported $131M of Duff & Phelps Utility & Corporate Bond Trust stock for Q1 2019, up 6.4% quarter-over-quarter.
  • 4 funds opened new Duff & Phelps Utility & Corporate Bond Trust positions in Q1 2019 and 7 closed out, a net change of -3 holders.
  • The largest Duff & Phelps Utility & Corporate Bond Trust buyer in Q1 2019 was Karpus Investment Management, an estimated $3.69M added.
  • The largest Duff & Phelps Utility & Corporate Bond Trust seller in Q1 2019 was Sit Investment Associates, an estimated $1.03M sold.

Based on aggregated 13F filings for Q1 2019.