DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF - Get Free Report) shares crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $11.20 and traded as high as $11.25. DTF Tax-Free Income 2028 Term Fund shares last traded at $11.25, with a volume of 5,494 shares.
DTF Tax-Free Income 2028 Term Fund Stock Performance
The stock's 50 day simple moving average is $11.20 and its two-hundred day simple moving average is $11.22.
DTF Tax-Free Income 2028 Term Fund Dividend Announcement
The firm also recently announced a monthly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be given a dividend of $0.0325 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $0.39 annualized dividend and a dividend yield of 3.48%.
Institutional Trading of DTF Tax-Free Income 2028 Term Fund
Several institutional investors have recently bought and sold shares of the stock. Sit Investment Associates Inc. boosted its position in 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 buying an additional 291,117 shares in the last quarter. Beverly Hills Private Wealth LLC boosted its holdings in shares of DTF Tax-Free Income 2028 Term Fund by 23.0% in the 1st quarter. Beverly Hills Private Wealth LLC now owns 306,088 shares of the investment management company's stock worth $3,431,000 after acquiring an additional 57,141 shares in the last quarter. Hara Capital LLC boosted its holdings 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 acquiring an additional 1,800 shares in the last quarter. Focus Partners Wealth acquired a new position in shares of DTF Tax-Free Income 2028 Term Fund in the 1st quarter worth approximately $190,000. Finally, Nuveen LLC acquired a new position in shares of DTF Tax-Free Income 2028 Term Fund in the 1st quarter worth approximately $180,000. 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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