DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $11.23 and traded as low as $11.18. DTF Tax-Free Income 2028 Term Fund shares last traded at $11.21, with a volume of 1,285 shares changing hands.
DTF Tax-Free Income 2028 Term Fund Trading Up 0.2%
The business's 50-day simple moving average is $11.17 and its two-hundred day simple moving average is $11.23.
DTF Tax-Free Income 2028 Term Fund Announces Dividend
The company also recently announced a dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were given a dividend of $0.0325 per share. This represents a yield of 3.47%. The ex-dividend date of this dividend was Thursday, May 15th.
Institutional Trading of DTF Tax-Free Income 2028 Term Fund
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. J.W. Cole Advisors Inc. grew its position in shares of DTF Tax-Free Income 2028 Term Fund by 20.4% during the 4th quarter. J.W. Cole Advisors Inc. now owns 14,780 shares of the investment management company's stock worth $166,000 after buying an additional 2,500 shares during the period. Corps Capital Advisors LLC acquired a new stake in shares of DTF Tax-Free Income 2028 Term Fund during the 4th quarter worth approximately $213,000. GWN Securities Inc. acquired a new stake in shares of DTF Tax-Free Income 2028 Term Fund during the 4th quarter worth approximately $155,000. Sit Investment Associates Inc. acquired a new stake in shares of DTF Tax-Free Income 2028 Term Fund during the 4th quarter worth approximately $6,946,000. Finally, Beverly Hills Private Wealth LLC grew its position in shares of DTF Tax-Free Income 2028 Term Fund by 146.6% during the 4th quarter. Beverly Hills Private Wealth LLC now owns 248,947 shares of the investment management company's stock worth $2,792,000 after buying an additional 148,014 shares during the period. Institutional investors and hedge funds own 43.81% of the company's stock.
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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