1607 Capital Partners LLC Has $1.43 Million Stake in DTF Tax-Free Income 2028 Term Fund Inc. $DTF

Key Points

• 1607 Capital Partners LLC reduced its stake in DTF Tax-Free Income 2028 Term Fund by 39.6% during the first quarter, now holding 127,136 shares valued at approximately $1.42 million.
• Other institutional investors, such as Sit Investment Associates Inc. and Beverly Hills Private Wealth LLC, increased their positions in the fund, with Sit's investment rising by 47%.
• The fund recently announced a monthly dividend, with an annualized yield of 3.5%, reflecting the fund's ongoing commitment to providing returns to shareholders.

1607 Capital Partners LLC lowered its position in shares of DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF - Free Report) by 39.6% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 127,136 shares of the investment management company's stock after selling 83,500 shares during the quarter. 1607 Capital Partners LLC owned approximately 1.81% of DTF Tax-Free Income 2028 Term Fund worth $1,425,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sit Investment Associates Inc. boosted its holdings in DTF Tax-Free Income 2028 Term Fund by 47.0% in the 1st 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. Nuveen LLC bought a new position in shares of DTF Tax-Free Income 2028 Term Fund during the 1st quarter worth approximately $180,000. Hara Capital LLC raised its stake in shares of 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 during the period. Financial Gravity Asset Management Inc. bought a new position in DTF Tax-Free Income 2028 Term Fund during the first quarter valued at approximately $36,000. Finally, Beverly Hills Private Wealth LLC lifted its holdings in 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 buying an additional 57,141 shares during the period. 43.81% of the stock is owned by institutional investors and hedge funds.

DTF Tax-Free Income 2028 Term Fund Stock Performance

DTF stock remained flat at $11.35 on Monday. 1,049 shares of the company traded hands, compared to its average volume of 7,861. The company has a 50-day moving average of $11.26 and a 200-day moving average of $11.23. DTF Tax-Free Income 2028 Term Fund Inc. has a 52 week low of $10.83 and a 52 week high of $11.45.

DTF Tax-Free Income 2028 Term Fund Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were issued a dividend of $0.0325 per share. This represents a c) annualized dividend and a dividend yield of 3.4%. The ex-dividend date was Friday, August 15th.

DTF Tax-Free Income 2028 Term Fund Company Profile

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.