Stock Worth Mentioning Today: Duff & Phelps Utility & Corporate Bond Trust Inc (NYSE:DUC) Institutional Investor Positioning

November 15, 2016 - By Ruchi Gupta   ·   0 Comments

Stock Worth Mentioning Today: Duff & Phelps Utility & Corporate Bond Trust Inc (NYSE:DUC) Institutional Investor Positioning

Sentiment for Duff & Phelps Utility & Corporate Bond Trust Inc (NYSE:DUC)

Duff & Phelps Utility & Corporate Bond Trust Inc (NYSE:DUC) institutional sentiment increased to 0.92 in 2016 Q2. Its up 0.32, from 0.6 in 2016Q1. The ratio has increased, as 12 institutional investors started new or increased positions, while 13 sold and trimmed equity positions in Duff & Phelps Utility & Corporate Bond Trust Inc. The institutional investors in our partner’s database now hold: 8.99 million shares, up from 8.96 million shares in 2016Q1. Also, the number of institutional investors holding Duff & Phelps Utility & Corporate Bond Trust Inc in their top 10 positions was flat from 0 to 0 for the same number . Sold All: 4 Reduced: 9 Increased: 9 New Position: 3.

Duff & Phelps Utility and Corporate Bond Trust Inc. is a diversified, closed-end management investment company. The company has a market cap of $249.13 million. The Fund’s investment objective is to seek high current income consistent with investing in securities of investment grade quality. It currently has negative earnings. The Fund seeks to achieve its investment objective by investing all of its assets in a portfolio of income securities, including utility income securities, corporate income securities, mortgage-backed securities and asset-backed securities.

About 23,828 shares traded hands. Duff & Phelps Utility & Corp Bond Trust (NYSE:DUC) has declined 4.08% since April 13, 2016 and is downtrending. It has underperformed by 8.01% the S&P500.

Karpus Management Inc. holds 1.08% of its portfolio in Duff & Phelps Utility & Corp Bond Trust for 2.16 million shares. Sit Investment Associates Inc owns 3.70 million shares or 0.95% of their US portfolio. Moreover, 1607 Capital Partners Llc has 0.51% invested in the company for 774,266 shares. The New Jersey-based Seabridge Investment Advisors Llc has invested 0.39% in the stock. Menlo Advisors Llc, a California-based fund reported 27,245 shares.#img1#

DUC Company Profile

Duff & Phelps Utility and Corporate Bond Trust Inc. (the Fund) is a diversified closed-end management investment company. The Fund’s investment objective is to seek high current income consistent with investing in securities of investment-grade quality. Duff & Phelps Investment Management Co., a subsidiary of Phoenix Investment Partners, Ltd., serves as the Fund’s investment advisor. The Fund’s administrator is Princeton Administrators, L.P.

More notable recent Duff & Phelps Utility & Corp Bond Trust (NYSE:DUC) news were published by: Nasdaq.com which released: “Duff & Phelps Utility & Corporate Bond Trust, Inc. (DUC) Ex-Dividend Date …” on October 12, 2016, also Prnewswire.com with their article: “Duff & Phelps Closed-End Funds Elect Donald C. Burke As Independent Director” published on July 29, 2014, Investorplace.com published: “7 Stocks for a Well-Diversified Portfolio” on February 12, 2012. More interesting news about Duff & Phelps Utility & Corp Bond Trust (NYSE:DUC) were released by: Barrons.com and their article: “Bill Gross: Why Interest Rates Must Rise” published on April 09, 2016 as well as Seekingalpha.com‘s news article titled: “5 Conservative Bond CEFs For The Long Run” with publication date: December 12, 2012.

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By Ruchi Gupta


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