DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF - Get Free Report)'s stock price passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $11.23 and traded as low as $11.23. DTF Tax-Free Income 2028 Term Fund shares last traded at $11.28, with a volume of 25,768 shares traded.
DTF Tax-Free Income 2028 Term Fund Price Performance
The firm's 50 day simple moving average is $11.24 and its two-hundred day simple moving average is $11.21.
DTF Tax-Free Income 2028 Term Fund Announces Dividend
The business also recently announced a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a dividend of $0.0325 per share. This represents a $0.39 annualized dividend and a yield of 3.49%. The ex-dividend date of this dividend is Monday, March 17th.
Institutional Trading of DTF Tax-Free Income 2028 Term Fund
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. J.W. Cole Advisors Inc. purchased a new stake in DTF Tax-Free Income 2028 Term Fund in the 3rd quarter worth approximately $138,000. Virtu Financial LLC purchased a new position in DTF Tax-Free Income 2028 Term Fund during the 3rd quarter valued at $207,000. Sanctuary Advisors LLC bought a new position in DTF Tax-Free Income 2028 Term Fund in the 2nd quarter worth $216,000. Thrivent Financial for Lutherans purchased a new stake in shares of DTF Tax-Free Income 2028 Term Fund in the 3rd quarter worth about $308,000. Finally, Beverly Hills Private Wealth LLC boosted its position in DTF Tax-Free Income 2028 Term Fund by 105.2% during the 2nd quarter. Beverly Hills Private Wealth LLC now owns 58,502 shares of the investment management company's stock valued at $641,000 after acquiring an additional 29,990 shares in the last quarter. Institutional investors own 43.81% of the company's stock.
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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