Duff & Phelps Utility & Corporate Bond Trust
DUC
DUC was delisted on the 5th of March, 2021.
36 hedge funds and large institutions have $141M invested in Duff & Phelps Utility & Corporate Bond Trust in 2020 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 10 increasing their positions, 10 reducing their positions, and 4 closing their positions.
75% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 4
3% more funds holding
Funds holding: 35 → 36 (+1)
0% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 10
7% less capital invested
Capital invested by funds: $152M → $141M (-$10.8M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$19.2M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$15.7M |
| 3 |
KA
Kovack Advisors
Ft. Lauderdale,
Florida
|
+$259K |
| 4 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$237K |
| 5 |
Franklin Resources
San Mateo,
California
|
+$118K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$30.9M |
| 2 |
IA
Icon Advisers
Greenwood Village,
Colorado
|
-$716K |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$490K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$388K |
| 5 |
Wells Fargo
San Francisco,
California
|
-$347K |
DUC Hedge Fund Activity: Q1 2020 in Review
36 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Duff & Phelps Utility & Corporate Bond Trust (DUC) for Q1 2020, worth a combined $141M — down 7.1% from $152M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new DUC positions and 4 closed out — a net gain of 3 holders — while 10 added to existing stakes and 10 trimmed.
The largest buyer was Karpus Investment Management, adding an estimated $19.2M. The largest seller was Sit Investment Associates, cutting an estimated $30.9M.
- 36 institutional investors held Duff & Phelps Utility & Corporate Bond Trust (DUC) as of Q1 2020, up from 35 in Q4 2019.
- Funds reported $141M of Duff & Phelps Utility & Corporate Bond Trust stock for Q1 2020, down 7.1% quarter-over-quarter.
- 7 funds opened new Duff & Phelps Utility & Corporate Bond Trust positions in Q1 2020 and 4 closed out, a net change of +3 holders.
- The largest Duff & Phelps Utility & Corporate Bond Trust buyer in Q1 2020 was Karpus Investment Management, an estimated $19.2M added.
- The largest Duff & Phelps Utility & Corporate Bond Trust seller in Q1 2020 was Sit Investment Associates, an estimated $30.9M sold.
Based on aggregated 13F filings for Q1 2020.