Duff & Phelps Utility & Corp Bond Trust (DUC) Shares Bought by Icon Advisers Inc. Co.

Icon Advisers Inc. Co. lifted its stake in Duff & Phelps Utility & Corp Bond Trust (NYSE:DUC) by 223.1% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 112,290 shares of the investment management company’s stock after buying an additional 77,534 shares during the quarter. Icon Advisers Inc. Co.’s holdings in Duff & Phelps Utility & Corp Bond Trust were worth $942,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Wells Fargo & Company MN lifted its position in shares of Duff & Phelps Utility & Corp Bond Trust by 3.2% in the 3rd quarter. Wells Fargo & Company MN now owns 3,916,220 shares of the investment management company’s stock worth $32,857,000 after purchasing an additional 122,235 shares during the period. Guggenheim Capital LLC lifted its position in shares of Duff & Phelps Utility & Corp Bond Trust by 7.0% in the 1st quarter. Guggenheim Capital LLC now owns 131,770 shares of the investment management company’s stock worth $1,131,000 after purchasing an additional 8,652 shares during the period. Finally, UBS Group AG lifted its position in shares of Duff & Phelps Utility & Corp Bond Trust by 42.4% in the 1st quarter. UBS Group AG now owns 49,783 shares of the investment management company’s stock worth $427,000 after purchasing an additional 14,835 shares during the period. 48.81% of the stock is owned by hedge funds and other institutional investors.

NYSE:DUC opened at $8.15 on Friday. Duff & Phelps Utility & Corp Bond Trust has a 12 month low of $8.11 and a 12 month high of $9.10.

The business also recently announced a monthly dividend, which will be paid on Friday, November 30th. Stockholders of record on Thursday, November 15th will be given a $0.035 dividend. The ex-dividend date is Wednesday, November 14th. This represents a $0.42 annualized dividend and a dividend yield of 5.15%.

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Duff & Phelps Utility & Corp Bond Trust Company Profile

Duff & Phelps Utility and Corporate Bond Trust, Inc is a close ended fixed income mutual fund launched by Virtus Investment Partners, Inc The fund is managed by Duff and Phelps Investment Management Co It invests in the fixed income markets. The fund invests primarily in a utility income securities, corporate income securities, mortgage-backed securities, and asset-backed securities.

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Want to see what other hedge funds are holding DUC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Duff & Phelps Utility & Corp Bond Trust (NYSE:DUC).

Institutional Ownership by Quarter for Duff & Phelps Utility & Corp Bond Trust (NYSE:DUC)

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