DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF - Get Free Report) shares passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $11.22 and traded as low as $11.22. DTF Tax-Free Income 2028 Term Fund shares last traded at $11.25, with a volume of 5,988 shares trading hands.
DTF Tax-Free Income 2028 Term Fund Stock Performance
The stock's 50-day moving average price is $11.17 and its two-hundred day moving average price is $11.22.
DTF Tax-Free Income 2028 Term Fund Announces Dividend
The company also recently disclosed a dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were issued a dividend of $0.0325 per share. This represents a yield of 3.47%. The ex-dividend date was Thursday, May 15th.
Institutional Trading of DTF Tax-Free Income 2028 Term Fund
Several hedge funds have recently made changes to their positions in DTF. Financial Gravity Asset Management Inc. bought a new position in shares of DTF Tax-Free Income 2028 Term Fund during the 1st quarter worth $36,000. GWN Securities Inc. purchased a new stake in DTF Tax-Free Income 2028 Term Fund during the fourth quarter valued at about $155,000. J.W. Cole Advisors Inc. boosted its position in DTF Tax-Free Income 2028 Term Fund by 20.4% during the fourth quarter. J.W. Cole Advisors Inc. now owns 14,780 shares of the investment management company's stock worth $166,000 after purchasing an additional 2,500 shares during the period. Nuveen LLC purchased a new position in shares of DTF Tax-Free Income 2028 Term Fund in the first quarter worth about $180,000. Finally, Focus Partners Wealth bought a new stake in shares of DTF Tax-Free Income 2028 Term Fund in the first quarter valued at approximately $190,000. 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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