Duff & Phelps Utility & Corp Bond Trust (NYSE:DUC)’s stock price rose 0.1% during mid-day trading on Tuesday . The stock traded as high as $8.74 and last traded at $8.74, approximately 800 shares traded hands during mid-day trading. A decline of 97% from the average daily volume of 30,090 shares. The stock had previously closed at $8.73.

The stock has a 50 day moving average of $8.76.

The company also recently disclosed a monthly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be paid a $0.035 dividend. The ex-dividend date is Friday, September 13th. This represents a $0.42 annualized dividend and a yield of 4.81%.

A number of large investors have recently made changes to their positions in the stock. Icon Advisers Inc. Co. grew its stake in Duff & Phelps Utility & Corp Bond Trust by 1.1% in the first quarter. Icon Advisers Inc. Co. now owns 258,511 shares of the investment management company’s stock worth $2,223,000 after purchasing an additional 2,778 shares in the last quarter. Lido Advisors LLC lifted its holdings in Duff & Phelps Utility & Corp Bond Trust by 7.8% during the first quarter. Lido Advisors LLC now owns 62,495 shares of the investment management company’s stock worth $537,000 after buying an additional 4,529 shares during the period. LPL Financial LLC lifted its holdings in Duff & Phelps Utility & Corp Bond Trust by 17.6% during the fourth quarter. LPL Financial LLC now owns 33,247 shares of the investment management company’s stock worth $273,000 after buying an additional 4,977 shares during the period. Raymond James & Associates purchased a new stake in Duff & Phelps Utility & Corp Bond Trust during the fourth quarter worth $83,000. Finally, FNY Investment Advisers LLC purchased a new stake in Duff & Phelps Utility & Corp Bond Trust during the second quarter worth $192,000. 55.31% of the stock is currently owned by institutional investors.

Duff & Phelps Utility & Corp Bond Trust Company Profile (NYSE:DUC)

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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