Sit Investment Associates Inc. grew its position in Duff & Phelps Utility & Corp Bond Trust (NYSE:DUC) by 0.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 4,161,364 shares of the investment management company’s stock after purchasing an additional 37,245 shares during the period. Duff & Phelps Utility & Corp Bond Trust comprises approximately 0.9% of Sit Investment Associates Inc.’s holdings, making the stock its 25th largest holding. Sit Investment Associates Inc. owned 0.15% of Duff & Phelps Utility & Corp Bond Trust worth $36,828,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in DUC. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Duff & Phelps Utility & Corp Bond Trust in the second quarter worth about $113,000. BB&T Corp acquired a new position in shares of Duff & Phelps Utility & Corp Bond Trust in the third quarter worth about $139,000. Mariner Wealth Advisors LLC boosted its holdings in shares of Duff & Phelps Utility & Corp Bond Trust by 1.0% in the second quarter. Mariner Wealth Advisors LLC now owns 23,224 shares of the investment management company’s stock worth $213,000 after buying an additional 237 shares during the period. Cetera Investment Advisers acquired a new position in shares of Duff & Phelps Utility & Corp Bond Trust in the second quarter worth about $216,000. Finally, Doliver Capital Advisors LP boosted its holdings in shares of Duff & Phelps Utility & Corp Bond Trust by 5.3% in the second quarter. Doliver Capital Advisors LP now owns 25,058 shares of the investment management company’s stock worth $230,000 after buying an additional 1,252 shares during the period. Institutional investors own 37.60% of the company’s stock.

Shares of Duff & Phelps Utility & Corp Bond Trust (NYSE:DUC) traded down $0.03 on Wednesday, hitting $8.79. 106,000 shares of the company’s stock traded hands, compared to its average volume of 61,167. Duff & Phelps Utility & Corp Bond Trust has a one year low of $8.56 and a one year high of $9.45.

The business also recently declared a monthly dividend, which will be paid on Wednesday, February 28th. Investors of record on Thursday, February 15th will be issued a dividend of $0.035 per share. This represents a $0.42 annualized dividend and a dividend yield of 4.78%. The ex-dividend date of this dividend is Wednesday, February 14th.

TRADEMARK VIOLATION NOTICE: This article was first published by Watch List News and is owned by of Watch List News. If you are accessing this article on another domain, it was illegally stolen and reposted in violation of international copyright law. The original version of this article can be read at https://www.watchlistnews.com/sit-investment-associates-inc-boosts-stake-in-duff-phelps-utility-corp-bond-trust-duc/1801397.html.

About Duff & Phelps Utility & Corp Bond Trust

Duff & Phelps Utility and Corporate Bond Trust Inc 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. The Fund seeks to achieve its investment objective by investing substantially all of its assets in a diversified portfolio of income securities.

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)

Receive News & Ratings for Duff & Phelps Utility & Corp Bond Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Duff & Phelps Utility & Corp Bond Trust and related companies with Analyst Ratings Network's FREE daily email newsletter.