DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF - Get Free Report) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $11.23 and traded as low as $11.21. DTF Tax-Free Income 2028 Term Fund shares last traded at $11.24, with a volume of 2,166 shares traded.
DTF Tax-Free Income 2028 Term Fund Price Performance
The stock's 50 day moving average price is $11.21 and its 200-day moving average price is $11.23.
DTF Tax-Free Income 2028 Term Fund Dividend Announcement
The business also recently announced a monthly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be paid a dividend of $0.0325 per share. This represents a c) annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Monday, September 15th.
Hedge Funds Weigh In On DTF Tax-Free Income 2028 Term Fund
Several institutional investors have recently bought and sold shares of the stock. Beverly Hills Private Wealth LLC lifted its position in 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 valued at $3,431,000 after purchasing an additional 57,141 shares during the last quarter. Sit Investment Associates Inc. purchased a new position in DTF Tax-Free Income 2028 Term Fund during the 4th quarter valued at about $6,946,000. Financial Gravity Asset Management Inc. purchased a new position in DTF Tax-Free Income 2028 Term Fund during the 1st quarter valued at about $36,000. Hara Capital LLC grew its position in shares of 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 worth $2,780,000 after buying an additional 1,800 shares during the last quarter. Finally, Focus Partners Wealth purchased a new position in shares of DTF Tax-Free Income 2028 Term Fund in the 1st quarter worth approximately $190,000. 43.81% of the stock is 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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