DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF - Get Free Report)'s stock price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $11.28 and traded as high as $11.38. DTF Tax-Free Income 2028 Term Fund shares last traded at $11.36, with a volume of 2,407 shares changing hands.
DTF Tax-Free Income 2028 Term Fund Trading Up 0.1%
The firm has a fifty day moving average price of $11.29 and a 200-day moving average price of $11.23.
DTF Tax-Free Income 2028 Term Fund Dividend Announcement
The company also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be paid a $0.0325 dividend. This represents a c) dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Monday, December 15th.
Institutional Investors Weigh In On DTF Tax-Free Income 2028 Term Fund
A number of large investors have recently modified their holdings of DTF. Beverly Hills Private Wealth LLC grew its stake in shares of DTF Tax-Free Income 2028 Term Fund by 23.0% during the first quarter. Beverly Hills Private Wealth LLC now owns 306,088 shares of the investment management company's stock worth $3,431,000 after buying an additional 57,141 shares during the last quarter. Sit Investment Associates Inc. boosted its stake in shares of DTF Tax-Free Income 2028 Term Fund by 47.0% during the first quarter. Sit Investment Associates Inc. now owns 910,488 shares of the investment management company's stock valued at $10,207,000 after purchasing an additional 291,117 shares in the last quarter. Nuveen LLC bought a new stake in shares of DTF Tax-Free Income 2028 Term Fund during the first quarter worth about $180,000. Financial Gravity Asset Management Inc. acquired a new position in shares of DTF Tax-Free Income 2028 Term Fund in the first quarter valued at approximately $36,000. Finally, Hara Capital LLC raised its holdings in DTF Tax-Free Income 2028 Term Fund by 0.7% in the 1st quarter. Hara Capital LLC now owns 247,965 shares of the investment management company's stock valued at $2,780,000 after buying an additional 1,800 shares during the last quarter. Institutional investors and hedge funds own 43.81% of the company's stock.
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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