Sit Investment Associates Inc. Has $10.21 Million Holdings in DTF Tax-Free Income 2028 Term Fund Inc. $DTF

Key Points

• Sit Investment Associates Inc. increased its stake in the DTF Tax-Free Income 2028 Term Fund Inc. by 47.0%, owning 910,488 shares after acquiring an additional 291,117 shares during the first quarter.
• The DTF Tax-Free Income 2028 Term Fund recently announced a dividend payment of $0.0325 per share, with an impressive yield of 346.0%.
• As of now, institutional investors own 43.81% of the fund, indicating significant interest from large investment firms.

Sit Investment Associates Inc. lifted its position in shares of DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF - Free Report) by 47.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 910,488 shares of the investment management company's stock after purchasing an additional 291,117 shares during the period. Sit Investment Associates Inc. owned 12.95% of DTF Tax-Free Income 2028 Term Fund worth $10,207,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Beverly Hills Private Wealth LLC increased its holdings in shares of DTF Tax-Free Income 2028 Term Fund by 23.0% during the first quarter. Beverly Hills Private Wealth LLC now owns 306,088 shares of the investment management company's stock worth $3,431,000 after purchasing an additional 57,141 shares during the period. Financial Gravity Asset Management Inc. acquired a new stake in DTF Tax-Free Income 2028 Term Fund during the first quarter worth approximately $36,000. Hara Capital LLC grew its position in DTF Tax-Free Income 2028 Term Fund by 0.7% during the first quarter. Hara Capital LLC now owns 247,965 shares of the investment management company's stock worth $2,780,000 after buying an additional 1,800 shares in the last quarter. Finally, Nuveen LLC bought a new position in DTF Tax-Free Income 2028 Term Fund during the 1st quarter worth $180,000. 43.81% of the stock is currently owned by institutional investors.

DTF Tax-Free Income 2028 Term Fund Price Performance

NYSE DTF traded down $0.0040 during midday trading on Wednesday, hitting $11.2560. The company had a trading volume of 8,436 shares, compared to its average volume of 5,497. The firm has a 50-day moving average price of $11.23 and a 200-day moving average price of $11.23. DTF Tax-Free Income 2028 Term Fund Inc. has a twelve month low of $10.83 and a twelve month high of $11.45.

DTF Tax-Free Income 2028 Term Fund Announces Dividend

The business also recently declared a dividend, which will be paid on Friday, August 29th. Investors of record on Monday, August 18th will be paid a $0.0325 dividend. This represents a yield of 346.0%. The ex-dividend date of this dividend is Friday, August 15th.

DTF Tax-Free Income 2028 Term Fund 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.