DTF Tax-Free Income 2028 Term Fund (NYSE:DTF) Shares Cross Below Two Hundred Day Moving Average - Here's Why

Key Points

• Shares fell below its 200‑day moving average — DTF traded as low as $11.37 and last at $11.38 versus a 200‑day MA of $11.41 on volume of 2,362 shares.
• Monthly dividend declared: the fund declared $0.0325 per share (ex‑dividend/record date June 15, payable June 29), implying an annualized yield of about 3.4%.
• Term fund maturing August 2028: DTF is a closed‑end municipal bond term fund that will liquidate at its scheduled termination in August 2028, with roughly 43.81% of shares held by institutions.

DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF - Get Free Report) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $11.41 and traded as low as $11.37. DTF Tax-Free Income 2028 Term Fund shares last traded at $11.38, with a volume of 2,362 shares trading hands.

DTF Tax-Free Income 2028 Term Fund Trading Down 0.4%

The company's fifty day moving average is $11.45 and its two-hundred day moving average is $11.41.

DTF Tax-Free Income 2028 Term Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, June 29th. Investors of record on Monday, June 15th will be issued a $0.0325 dividend. This represents a c) annualized dividend and a yield of 3.4%. The ex-dividend date is Monday, June 15th.

Institutional Trading of DTF Tax-Free Income 2028 Term Fund

Several large investors have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. acquired a new stake in DTF Tax-Free Income 2028 Term Fund in the 2nd quarter valued at $69,000. Garner Asset Management Corp acquired a new stake in DTF Tax-Free Income 2028 Term Fund in the 4th quarter valued at $70,000. Hara Capital LLC increased its holdings in DTF Tax-Free Income 2028 Term Fund by 4.7% in the 4th quarter. Hara Capital LLC now owns 288,189 shares of the investment management company's stock valued at $3,291,000 after purchasing an additional 12,898 shares in the last quarter. Closed End Fund Advisors Inc. acquired a new stake in DTF Tax-Free Income 2028 Term Fund in the 4th quarter valued at $165,000. Finally, Savvy Advisors Inc. acquired a new stake in DTF Tax-Free Income 2028 Term Fund in the 4th quarter valued at $166,000. 43.81% of the stock is currently owned by institutional investors and hedge funds.

About DTF Tax-Free Income 2028 Term Fund

DTF Tax-Free Income 2028 Term Fund NYSE: DTF is a closed-end management investment company that seeks to provide shareholders with tax-exempt current income and return of capital on a specified termination date in 2028. The fund pursues its investment objective primarily by investing in a diversified portfolio of municipal securities issued by state and local governmental entities across the United States. Its portfolio typically focuses on investment-grade obligations, though it may allocate assets across different maturities to manage income generation and portfolio duration.

The fund is structured to liquidate its holdings and return net assets to shareholders upon reaching its scheduled termination date in August 2028.

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