DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF - Get Free Report) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $11.20 and traded as low as $10.97. DTF Tax-Free Income 2028 Term Fund shares last traded at $11.06, with a volume of 64,541 shares changing hands.
DTF Tax-Free Income 2028 Term Fund Trading Up 0.6 %
The firm has a fifty day moving average of $11.24 and a two-hundred day moving average of $11.19.
DTF Tax-Free Income 2028 Term Fund Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a $0.0325 dividend. This represents a $0.39 annualized dividend and a dividend yield of 3.50%. The ex-dividend date of this dividend is Monday, March 17th.
Institutional Investors Weigh In On DTF Tax-Free Income 2028 Term Fund
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sanctuary Advisors LLC grew its holdings in DTF Tax-Free Income 2028 Term Fund by 14.9% in the 3rd quarter. Sanctuary Advisors LLC now owns 23,119 shares of the investment management company's stock worth $260,000 after acquiring an additional 3,000 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of DTF Tax-Free Income 2028 Term Fund in the third quarter worth about $207,000. Kovitz Investment Group Partners LLC bought a new stake in shares of DTF Tax-Free Income 2028 Term Fund in the third quarter worth about $5,819,000. Thrivent Financial for Lutherans purchased a new position in DTF Tax-Free Income 2028 Term Fund during the 3rd quarter valued at about $308,000. Finally, Hara Capital LLC raised its position in DTF Tax-Free Income 2028 Term Fund by 27.6% during the 3rd quarter. Hara Capital LLC now owns 462,306 shares of the investment management company's stock valued at $5,210,000 after purchasing an additional 100,075 shares during the last quarter. 43.81% of the stock is currently owned by institutional investors.
About DTF Tax-Free Income 2028 Term Fund
(
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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.
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