DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF - Get Free Report) passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $11.20 and traded as high as $11.30. DTF Tax-Free Income 2028 Term Fund shares last traded at $11.23, with a volume of 2,811 shares.
DTF Tax-Free Income 2028 Term Fund Stock Down 0.5%
The firm has a fifty day moving average price of $11.19 and a two-hundred day moving average price of $11.24.
DTF Tax-Free Income 2028 Term Fund Announces Dividend
The business also recently declared a dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be issued a $0.0325 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a dividend yield of 3.47%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Beverly Hills Private Wealth LLC lifted its position in DTF Tax-Free Income 2028 Term Fund by 146.6% during the 4th quarter. Beverly Hills Private Wealth LLC now owns 248,947 shares of the investment management company's stock worth $2,792,000 after acquiring an additional 148,014 shares during the period. Sit Investment Associates Inc. acquired a new position in DTF Tax-Free Income 2028 Term Fund in the 4th quarter worth about $6,946,000. J.W. Cole Advisors Inc. increased its stake in DTF Tax-Free Income 2028 Term Fund by 20.4% during the 4th quarter. J.W. Cole Advisors Inc. now owns 14,780 shares of the investment management company's stock worth $166,000 after buying an additional 2,500 shares in the last quarter. Corps Capital Advisors LLC purchased a new stake in DTF Tax-Free Income 2028 Term Fund during the 4th quarter worth approximately $213,000. Finally, GWN Securities Inc. purchased a new stake in shares of DTF Tax-Free Income 2028 Term Fund in the fourth quarter valued at approximately $155,000. 43.81% of the stock is currently owned by hedge funds and other institutional investors.
DTF Tax-Free Income 2028 Term Fund Company Profile
(
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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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