DTF Tax-Free Income 2028 Term Fund (NYSE:DTF) Stock Passes Above 50-Day Moving Average - Time to Sell?

Key Points

• Shares crossed above its 50‑day moving average (50‑day MA $11.47; intraday high $11.48, last trade $11.44 on volume 1,469), indicating a short‑term technical uptick.
• Monthly dividend declared of $0.0325 per share payable March 30 (ex‑dividend/record date March 16), implying about a 3.4% annualized yield.
• Closed‑end municipal bond term fund maturing August 2028, with institutional investors holding roughly 43.8% of shares and several firms recently initiating or increasing positions.

Shares of DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF - Get Free Report) crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $11.47 and traded as high as $11.48. DTF Tax-Free Income 2028 Term Fund shares last traded at $11.44, with a volume of 1,469 shares traded.

DTF Tax-Free Income 2028 Term Fund Price Performance

The company's 50 day moving average is $11.47 and its 200 day moving average is $11.40.

DTF Tax-Free Income 2028 Term Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, March 30th. Stockholders of record on Monday, March 16th will be issued a dividend of $0.0325 per share. The ex-dividend date is Monday, March 16th. This represents a c) annualized dividend and a dividend yield of 3.4%.

Institutional Investors Weigh In On DTF Tax-Free Income 2028 Term Fund

Several hedge funds have recently modified their holdings of the company. Focus Partners Wealth bought a new stake in DTF Tax-Free Income 2028 Term Fund during the 1st quarter worth $190,000. Financial Gravity Companies Inc. bought a new position in DTF Tax-Free Income 2028 Term Fund in the second quarter valued at about $36,000. J.W. Cole Advisors Inc. bought a new position in DTF Tax-Free Income 2028 Term Fund in the second quarter valued at about $165,000. Raymond James Financial Inc. acquired a new stake in shares of DTF Tax-Free Income 2028 Term Fund during the second quarter valued at about $69,000. Finally, Hara Capital LLC boosted its stake in shares of DTF Tax-Free Income 2028 Term Fund by 3.1% during the second quarter. Hara Capital LLC now owns 255,607 shares of the investment management company's stock valued at $2,860,000 after purchasing an additional 7,642 shares in 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

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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