DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF - Get Free Report)'s share price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $11.22 and traded as low as $11.18. DTF Tax-Free Income 2028 Term Fund shares last traded at $11.19, with a volume of 1,501 shares changing hands.
DTF Tax-Free Income 2028 Term Fund Trading Up 0.3%
The company has a fifty day moving average of $11.19 and a 200-day moving average of $11.21.
DTF Tax-Free Income 2028 Term Fund Announces Dividend
The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be issued a $0.0325 dividend. This represents a $0.39 annualized dividend and a yield of 3.47%. The ex-dividend date of this dividend is Monday, September 15th.
Institutional Trading of DTF Tax-Free Income 2028 Term Fund
Institutional investors and hedge funds have recently bought and sold shares of the company. Financial Gravity Asset Management Inc. purchased a new stake in DTF Tax-Free Income 2028 Term Fund during the 1st quarter valued at about $36,000. GWN Securities Inc. bought a new position in shares of DTF Tax-Free Income 2028 Term Fund in the 4th quarter worth about $155,000. Nuveen LLC purchased a new stake in shares of DTF Tax-Free Income 2028 Term Fund in the 1st quarter worth approximately $180,000. Focus Partners Wealth bought a new position in shares of DTF Tax-Free Income 2028 Term Fund during the first quarter valued at $190,000. Finally, Hara Capital LLC increased its stake in DTF Tax-Free Income 2028 Term Fund by 0.7% during the 1st quarter. Hara Capital LLC now owns 247,965 shares of the investment management company's stock valued at $2,780,000 after purchasing an additional 1,800 shares in the last quarter. 43.81% of the stock is currently 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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