Concorde Asset Management LLC Buys New Shares in Duff & Phelps Utility and Corporate Bond $DUC

Concorde Asset Management LLC purchased a new stake in shares of Duff & Phelps Utility and Corporate Bond (NYSEARCA:DUC) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 61,620 shares of the company’s stock, valued at approximately $919,000. Duff & Phelps Utility and Corporate Bond comprises about 0.5% of Concorde Asset Management LLC’s portfolio, making the stock its 27th biggest holding. Concorde Asset Management LLC owned about 0.22% of Duff & Phelps Utility and Corporate Bond as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Evolve Private Wealth LLC bought a new position in shares of Duff & Phelps Utility and Corporate Bond in the 2nd quarter worth about $547,000. Bank of America Corp DE acquired a new position in shares of Duff & Phelps Utility and Corporate Bond in the 2nd quarter valued at about $316,000. Finally, Almitas Capital LLC acquired a new position in shares of Duff & Phelps Utility and Corporate Bond in the 2nd quarter valued at about $335,000.

Duff & Phelps Utility and Corporate Bond Stock Performance

Shares of Duff & Phelps Utility and Corporate Bond stock opened at $10.62 on Friday. The stock’s 50-day moving average is $10.62 and its 200 day moving average is $10.62. Duff & Phelps Utility and Corporate Bond has a one year low of $7.97 and a one year high of $10.82.

Duff & Phelps Utility and Corporate Bond 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. Its investment portfolio includes investments in auto and truck, broadcasting and publishing, telephone, industrial, financial, and utilities sectors.