DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF - Get Free Report) shares 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 0.2%
The stock's 50 day simple moving average is $11.20 and its two-hundred day simple moving average is $11.24.
DTF Tax-Free Income 2028 Term Fund Dividend Announcement
The company also recently declared a dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be given a dividend of $0.0325 per share. This represents a dividend yield of 3.47%. The ex-dividend date is Thursday, May 15th.
Institutional Trading of DTF Tax-Free Income 2028 Term Fund
Institutional investors have recently made changes to their positions in the company. Financial Gravity Asset Management Inc. purchased a new stake in shares of DTF Tax-Free Income 2028 Term Fund during the 1st quarter valued at approximately $36,000. GWN Securities Inc. purchased a new stake in shares of DTF Tax-Free Income 2028 Term Fund during the 4th quarter valued at approximately $155,000. J.W. Cole Advisors Inc. raised its position in shares of 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 valued at $166,000 after buying an additional 2,500 shares during the period. Nuveen LLC acquired a new stake in DTF Tax-Free Income 2028 Term Fund in the 1st quarter valued at approximately $180,000. Finally, Corps Capital Advisors LLC acquired a new stake in DTF Tax-Free Income 2028 Term Fund in the 4th quarter valued at approximately $213,000. Hedge funds and other institutional investors own 43.81% of the company's stock.
About DTF Tax-Free Income 2028 Term Fund
(
Get Free Report)
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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