DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF - Get Free Report) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $11.24 and traded as low as $11.16. DTF Tax-Free Income 2028 Term Fund shares last traded at $11.18, with a volume of 7,504 shares trading hands.
DTF Tax-Free Income 2028 Term Fund Stock Up 0.3%
The firm has a fifty day moving average price of $11.18 and a 200 day moving average price of $11.23.
DTF Tax-Free Income 2028 Term Fund Dividend Announcement
The firm also recently announced a dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be issued a $0.0325 dividend. This represents a yield of 3.47%. The ex-dividend date is Thursday, May 15th.
Hedge Funds Weigh In On DTF Tax-Free Income 2028 Term Fund
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Sit Investment Associates Inc. lifted its stake in shares of DTF Tax-Free Income 2028 Term Fund by 47.0% in 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 during the period. Beverly Hills Private Wealth LLC increased its holdings in DTF Tax-Free Income 2028 Term Fund by 23.0% in 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 buying an additional 57,141 shares in the last quarter. Hara Capital LLC increased its holdings in DTF Tax-Free Income 2028 Term Fund by 0.7% in the first 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 in the last quarter. Corps Capital Advisors LLC acquired a new stake in shares of DTF Tax-Free Income 2028 Term Fund during the 4th quarter valued at approximately $213,000. Finally, Focus Partners Wealth purchased a new stake in shares of DTF Tax-Free Income 2028 Term Fund during the 1st quarter worth approximately $190,000. 43.81% of the stock is owned by institutional investors and hedge funds.
About DTF Tax-Free Income 2028 Term Fund
(
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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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