Duff & Phelps Utility & Corporate Bond Trust
DUC
DUC was delisted on the 5th of March, 2021.
39 hedge funds and large institutions have $158M invested in Duff & Phelps Utility & Corporate Bond Trust in 2020 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 10 increasing their positions, 7 reducing their positions, and 1 closing their positions.
700% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 1
43% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 7
22% more funds holding
Funds holding: 32 → 39 (+7)
0% more capital invested
Capital invested by funds: $158M → $158M (+$665K)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$3.7M |
| 2 |
SCM
Shelton Capital Management
Denver,
Colorado
|
+$3.11M |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$494K |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$489K |
| 5 |
Millennium Management
New York
|
+$391K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$2.38M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$1.61M |
| 3 |
IA
Icon Advisers
Greenwood Village,
Colorado
|
-$931K |
| 4 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$639K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$279K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Royal Bank of Canada
Toronto,
Ontario, Canada
| $40K | – | – | – |
|
27
Barclays
London,
United Kingdom
| $39K | +$37.4K | +4,016 | New |
|
|
MSFP
28
Mark Sheptoff Financial Planning
Glastonbury,
Connecticut
| $37K | – | – | – |
|
|
NFG
29
Next Financial Group
Houston,
Texas
| $19K | +$19.6K | +2,100 | New |
|
30
Osaic Holdings
Scottsdale,
Arizona
| $18K | -$11.5K | -1,236 | -39% |
|
|
SBL
31
Sargent Bickham Lagudis
Boulder,
Colorado
| $18K | – | – | – |
|
|
WB
32
Webster Bank
Waterbury,
Connecticut
| $18K | – | – | – |
|
33
US Bancorp
Minneapolis,
Minnesota
| $13K | – | – | – |
|
|
RFA
34
Reilly Financial Advisors
La Mesa,
California
| $12K | – | – | – |
|
|
AIM
35
Anchor Investment Management
Columbia,
South Carolina
| $4.62K | – | – | – |
|
|
GWM
36
Geneos Wealth Management
Englewood,
Colorado
| $2K | – | – | – |
|
37
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| $1K | +$1.4K | +150 | New |
|
|
38
Millennium Management
New York
| $387 | +$391K | +41,942 | New |
|
|
PAG
39
Private Advisor Group
Morristown,
New Jersey
| – | -$1K | -87 | Closed |
|
DUC Hedge Fund Activity: Q3 2020 in Review
39 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Duff & Phelps Utility & Corporate Bond Trust (DUC) for Q3 2020, worth a combined $158M — up 0.42% from $158M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new DUC positions and 1 closed out — a net gain of 7 holders — while 10 added to existing stakes and 7 trimmed.
The largest buyer was Rivernorth Capital Management, adding an estimated $3.7M. The largest seller was Invesco, cutting an estimated $2.38M.
- 39 institutional investors held Duff & Phelps Utility & Corporate Bond Trust (DUC) as of Q3 2020, up from 32 in Q2 2020.
- Funds reported $158M of Duff & Phelps Utility & Corporate Bond Trust stock for Q3 2020, up 0.42% quarter-over-quarter.
- 8 funds opened new Duff & Phelps Utility & Corporate Bond Trust positions in Q3 2020 and 1 closed out, a net change of +7 holders.
- The largest Duff & Phelps Utility & Corporate Bond Trust buyer in Q3 2020 was Rivernorth Capital Management, an estimated $3.7M added.
- The largest Duff & Phelps Utility & Corporate Bond Trust seller in Q3 2020 was Invesco, an estimated $2.38M sold.
Based on aggregated 13F filings for Q3 2020.