Duff & Phelps Utility & Corporate Bond Trust
DUC
DUC was delisted on the 5th of March, 2021.
39 hedge funds and large institutions have $149M invested in Duff & Phelps Utility & Corporate Bond Trust in 2019 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 10 increasing their positions, 11 reducing their positions, and 5 closing their positions.
10% more capital invested
Capital invested by funds: $136M → $149M (+$13.5M)
9% less repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 11
3% less funds holding
Funds holding: 40 → 39 (-1)
20% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$23.7M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$2.71M |
| 3 |
IA
Icon Advisers
Greenwood Village,
Colorado
|
+$1.54M |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$975K |
| 5 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$806K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$21.2M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$937K |
| 3 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$516K |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$446K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$202K |
DUC Hedge Fund Activity: Q3 2019 in Review
39 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Duff & Phelps Utility & Corporate Bond Trust (DUC) for Q3 2019, worth a combined $149M — up 9.9% from $136M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of DUC and 4 opened new positions — a net loss of 1 holder — while 11 trimmed existing stakes and 10 added.
The largest buyer was Karpus Investment Management, adding an estimated $23.7M. The largest seller was Wells Fargo, cutting an estimated $21.2M.
- 39 institutional investors held Duff & Phelps Utility & Corporate Bond Trust (DUC) as of Q3 2019, down from 40 in Q2 2019.
- Funds reported $149M of Duff & Phelps Utility & Corporate Bond Trust stock for Q3 2019, up 9.9% quarter-over-quarter.
- 4 funds opened new Duff & Phelps Utility & Corporate Bond Trust positions in Q3 2019 and 5 closed out, a net change of -1 holder.
- The largest Duff & Phelps Utility & Corporate Bond Trust buyer in Q3 2019 was Karpus Investment Management, an estimated $23.7M added.
- The largest Duff & Phelps Utility & Corporate Bond Trust seller in Q3 2019 was Wells Fargo, an estimated $21.2M sold.
Based on aggregated 13F filings for Q3 2019.