LPL Financial LLC Decreases Position in Duff & Phelps Utility & Corporate Bond Trust, Inc. (DUC)

LPL Financial LLC reduced its stake in Duff & Phelps Utility & Corporate Bond Trust, Inc. (NYSE:DUC) by 39.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,449 shares of the investment management company’s stock after selling 14,141 shares during the period. LPL Financial LLC owned 0.08% of Duff & Phelps Utility & Corporate Bond Trust, Inc. worth $190,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Sit Investment Associates Inc. raised its stake in Duff & Phelps Utility & Corporate Bond Trust, Inc. by 0.9% in the fourth quarter. Sit Investment Associates Inc. now owns 4,161,364 shares of the investment management company’s stock worth $36,828,000 after buying an additional 37,245 shares in the last quarter. Wells Fargo & Company MN grew its holdings in Duff & Phelps Utility & Corporate Bond Trust, Inc. by 29.3% in the fourth quarter. Wells Fargo & Company MN now owns 3,283,750 shares of the investment management company’s stock worth $29,061,000 after purchasing an additional 743,189 shares during the period. Guggenheim Capital LLC grew its holdings in Duff & Phelps Utility & Corporate Bond Trust, Inc. by 22.1% in the fourth quarter. Guggenheim Capital LLC now owns 123,118 shares of the investment management company’s stock worth $1,090,000 after purchasing an additional 22,302 shares during the period. SG Americas Securities LLC purchased a new stake in Duff & Phelps Utility & Corporate Bond Trust, Inc. in the fourth quarter worth about $413,000. Finally, Landscape Capital Management L.L.C. purchased a new stake in Duff & Phelps Utility & Corporate Bond Trust, Inc. in the fourth quarter worth about $311,000. 40.92% of the stock is owned by institutional investors.

Shares of DUC opened at $8.46 on Friday. Duff & Phelps Utility & Corporate Bond Trust, Inc. has a fifty-two week low of $8.40 and a fifty-two week high of $9.33.

The firm also recently disclosed a monthly dividend, which will be paid on Monday, April 30th. Shareholders of record on Monday, April 16th will be issued a $0.035 dividend. This represents a $0.42 dividend on an annualized basis and a yield of 4.96%. The ex-dividend date of this dividend is Friday, April 13th.

About Duff & Phelps Utility & Corporate Bond Trust, Inc.

There is no company description available for Duff & Phelps Utility & Corporate Bond.

Institutional Ownership by Quarter for Duff & Phelps Utility & Corporate Bond Trust, Inc. (NYSE:DUC)

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