Duff & Phelps Utility & Corporate Bond Trust Inc (NYSE:DUC) Sentiment Falls in Q1 2018

July 13, 2018 - By Elizabeth Jones

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

Duff & Phelps Utility & Corporate Bond Trust Inc (NYSE:DUC) institutional sentiment decreased to 0.75 in 2018 Q1. Its down -1.88, from 2.63 in 2017Q4. The ratio has worsened, as 12 funds started new and increased equity positions, while 16 sold and reduced their stock positions in Duff & Phelps Utility & Corporate Bond Trust Inc. The funds in our partner’s database now hold: 12.67 million shares, up from 11.10 million shares in 2017Q4. Also, the number of funds holding Duff & Phelps Utility & Corporate Bond Trust Inc in their top 10 equity positions was flat from 0 to 0 for the same number . Sold All: 8 Reduced: 8 Increased: 9 New Position: 3.

Duff & Phelps Utility and Corporate Bond Trust, Inc. is a close ended fixed income mutual fund launched by Virtus Investment Partners, Inc. The company has market cap of $235.08 million. The fund is managed by Duff and Phelps Investment Management Co. It currently has negative earnings. It invests in the fixed income markets.

The stock decreased 0.18% or $0.01 during the last trading session, reaching $8.55. About 6,280 shares traded. Duff & Phelps Utility & Corpora (NYSE:DUC) has declined 8.46% since July 13, 2017 and is downtrending. It has underperformed by 21.03% the S&P500.

Karpus Management Inc. holds 1.11% of its portfolio in Duff & Phelps Utility & Corpora for 2.89 million shares. Sit Investment Associates Inc owns 4.15 million shares or 0.88% of their US portfolio. Moreover, Shaker Financial Services Llc has 0.74% invested in the company for 177,852 shares. The Virginia-based 1607 Capital Partners Llc has invested 0.53% in the stock. Alpine Global Management Llc, a New York-based fund reported 22,805 shares.

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