DTF Tax-Free Income 2028 Term Fund (NYSE:DTF) Share Price Passes Above 200 Day Moving Average - Should You Sell?

Shares of DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF - Get Free Report) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $11.19 and traded as high as $11.33. DTF Tax-Free Income 2028 Term Fund shares last traded at $11.30, with a volume of 94,670 shares trading hands.

DTF Tax-Free Income 2028 Term Fund Stock Performance

The company has a fifty day moving average price of $11.28 and a two-hundred day moving average price of $11.19.

DTF Tax-Free Income 2028 Term Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be paid a dividend of $0.0325 per share. This represents a $0.39 annualized dividend and a dividend yield of 3.47%. The ex-dividend date of this dividend is Wednesday, January 15th.

Hedge Funds Weigh In On DTF Tax-Free Income 2028 Term Fund

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Sanctuary Advisors LLC lifted its holdings in DTF Tax-Free Income 2028 Term Fund by 14.9% in the third quarter. Sanctuary Advisors LLC now owns 23,119 shares of the investment management company's stock valued at $260,000 after buying an additional 3,000 shares during the period. Virtu Financial LLC bought a new position in shares of DTF Tax-Free Income 2028 Term Fund in the 3rd quarter worth about $207,000. Kovitz Investment Group Partners LLC acquired a new position in shares of DTF Tax-Free Income 2028 Term Fund in the 3rd quarter valued at about $5,819,000. Thrivent Financial for Lutherans bought a new stake in shares of DTF Tax-Free Income 2028 Term Fund during the 3rd quarter valued at about $308,000. Finally, Hara Capital LLC grew its stake in DTF Tax-Free Income 2028 Term Fund by 27.6% during the third quarter. Hara Capital LLC now owns 462,306 shares of the investment management company's stock worth $5,210,000 after purchasing an additional 100,075 shares during the period. 43.81% of the stock is owned by institutional investors and hedge funds.

DTF Tax-Free Income 2028 Term Fund Company Profile

DTF Tax-Free Income 2028 Term Fund Inc is a closed-ended fixed income mutual fund launched by Virtus Investment Partners, Inc The fund is managed by Duff & Phelps Investment Management Co It invests primarily in a diversified portfolio of investment grade tax-exempt utility obligations. The fund invests in various sectors, such as water and sewer, electric utilities, prerefunded utilities, pollution control, and nonutilities.