Duff & Phelps Utility & Corporate Bond Trust
DUC
DUC was delisted on the 5th of March, 2021.
34 hedge funds and large institutions have $95.7M invested in Duff & Phelps Utility & Corporate Bond Trust in 2017 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 9 increasing their positions, 11 reducing their positions, and 7 closing their positions.
3% more capital invested
Capital invested by funds: $93.1M → $95.7M (+$2.63M)
13% less funds holding
Funds holding: 39 → 34 (-5)
18% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 11
71% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$2.61M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.36M |
| 3 |
LCM
Laurion Capital Management
New York
|
+$299K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$142K |
| 5 |
Truist Financial
Charlotte,
North Carolina
|
+$138K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$997K |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$568K |
| 3 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$388K |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$217K |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$94K |
DUC Hedge Fund Activity: Q3 2017 in Review
34 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Duff & Phelps Utility & Corporate Bond Trust (DUC) for Q3 2017, worth a combined $95.7M — up 2.8% from $93.1M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of DUC and 2 opened new positions — a net loss of 5 holders — while 11 trimmed existing stakes and 9 added.
The largest buyer was Wells Fargo, adding an estimated $2.61M. The largest seller was Karpus Investment Management, cutting an estimated $997K.
- 34 institutional investors held Duff & Phelps Utility & Corporate Bond Trust (DUC) as of Q3 2017, down from 39 in Q2 2017.
- Funds reported $95.7M of Duff & Phelps Utility & Corporate Bond Trust stock for Q3 2017, up 2.8% quarter-over-quarter.
- 2 funds opened new Duff & Phelps Utility & Corporate Bond Trust positions in Q3 2017 and 7 closed out, a net change of -5 holders.
- The largest Duff & Phelps Utility & Corporate Bond Trust buyer in Q3 2017 was Wells Fargo, an estimated $2.61M added.
- The largest Duff & Phelps Utility & Corporate Bond Trust seller in Q3 2017 was Karpus Investment Management, an estimated $997K sold.
Based on aggregated 13F filings for Q3 2017.