Duff & Phelps Utility & Corporate Bond Trust
DUC
DUC was delisted on the 5th of March, 2021.
35 hedge funds and large institutions have $152M invested in Duff & Phelps Utility & Corporate Bond Trust in 2019 Q4 according to their latest regulatory filings, with 2 funds opening new positions, 12 increasing their positions, 8 reducing their positions, and 5 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 8
2% more capital invested
Capital invested by funds: $149M → $152M (+$2.76M)
10% less funds holding
Funds holding: 39 → 35 (-4)
60% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 5
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IA
Icon Advisers
Greenwood Village,
Colorado
|
+$2.63M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.76M |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$1.47M |
| 4 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
+$391K |
| 5 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$338K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$3.12M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$393K |
| 3 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$185K |
| 4 |
HSA
HBK Sorce Advisory
Erie,
Pennsylvania
|
-$116K |
| 5 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$113K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Royal Bank of Canada
Toronto,
Ontario, Canada
| $31K | -$5.6K | -612 | -15% |
|
|
LTFS
27
Ladenburg Thalmann Financial Services
Miami,
Florida
| $21K | -$6.66K | -728 | -23% |
|
|
NFG
28
Next Financial Group
Houston,
Texas
| $19K | – | – | – |
|
|
WB
29
Webster Bank
Waterbury,
Connecticut
| $18K | -$9.46K | -1,034 | -34% |
|
|
SBL
30
Sargent Bickham Lagudis
Boulder,
Colorado
| $17K | – | – | – |
|
31
US Bancorp
Minneapolis,
Minnesota
| $13K | – | – | – |
|
|
RFA
32
Reilly Financial Advisors
La Mesa,
California
| $12K | – | – | – |
|
|
AG
33
Advisor Group
Phoenix,
Arizona
| $5K | – | – | – |
|
|
FHA
34
Flagship Harbor Advisors
Boston,
Massachusetts
| $3K | – | – | – |
|
|
GWM
35
Geneos Wealth Management
Englewood,
Colorado
| $2K | – | – | – |
|
|
TJHA
36
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
| – | -$185K | -20,049 | Closed |
|
|
HSA
37
HBK Sorce Advisory
Erie,
Pennsylvania
| – | -$116K | -12,500 | Closed |
|
|
38
Cambridge Investment Research Advisors
Fairfield,
Iowa
| – | -$113K | -12,189 | Closed |
|
|
QCIG
39
Quad-Cities Investment Group
Davenport,
Iowa
| – | -$8K | -900 | Closed |
|
DUC Hedge Fund Activity: Q4 2019 in Review
35 of the 5,076 institutional investors tracked by Wall St. Rank reported a position in Duff & Phelps Utility & Corporate Bond Trust (DUC) for Q4 2019, worth a combined $152M — up 1.9% from $149M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of DUC and 2 opened new positions — a net loss of 3 holders — while 8 trimmed existing stakes and 12 added.
The largest buyer was Icon Advisers, adding an estimated $2.63M. The largest seller was Wells Fargo, cutting an estimated $3.12M.
- 35 institutional investors held Duff & Phelps Utility & Corporate Bond Trust (DUC) as of Q4 2019, down from 39 in Q3 2019.
- Funds reported $152M of Duff & Phelps Utility & Corporate Bond Trust stock for Q4 2019, up 1.9% quarter-over-quarter.
- 2 funds opened new Duff & Phelps Utility & Corporate Bond Trust positions in Q4 2019 and 5 closed out, a net change of -3 holders.
- The largest Duff & Phelps Utility & Corporate Bond Trust buyer in Q4 2019 was Icon Advisers, an estimated $2.63M added.
- The largest Duff & Phelps Utility & Corporate Bond Trust seller in Q4 2019 was Wells Fargo, an estimated $3.12M sold.
Based on aggregated 13F filings for Q4 2019.