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

Concorde Asset Management LLC bought a new position in shares of Duff & Phelps Utility and Corporate Bond (NYSEARCA:DUC) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 61,620 shares of the company’s stock, valued at approximately $919,000. Duff & Phelps Utility and Corporate Bond makes up about 0.5% of Concorde Asset Management LLC’s portfolio, making the stock its 27th biggest position.

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

Duff & Phelps Utility and Corporate Bond Stock Performance

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

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