DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF - Get Free Report) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.76 and traded as low as $10.72. DTF Tax-Free Income 2028 Term Fund shares last traded at $10.75, with a volume of 7,753 shares changing hands.
DTF Tax-Free Income 2028 Term Fund Stock Up 0.3 %
The stock has a fifty day simple moving average of $10.76 and a 200-day simple moving average of $10.76.
DTF Tax-Free Income 2028 Term Fund Dividend Announcement
The firm also recently announced a monthly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 17th will be issued a $0.0325 dividend. This represents a $0.39 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date is Monday, June 17th.
Institutional Trading of DTF Tax-Free Income 2028 Term Fund
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Relative Value Partners Group LLC grew its holdings in DTF Tax-Free Income 2028 Term Fund by 338.6% in the 4th quarter. Relative Value Partners Group LLC now owns 525,090 shares of the investment management company's stock valued at $5,645,000 after buying an additional 405,366 shares during the last quarter. Atlas Wealth LLC lifted its position in shares of DTF Tax-Free Income 2028 Term Fund by 43.1% in the 3rd quarter. Atlas Wealth LLC now owns 325,914 shares of the investment management company's stock worth $3,478,000 after acquiring an additional 98,117 shares during the period. Finally, Thomas J. Herzfeld Advisors Inc. lifted its position in shares of DTF Tax-Free Income 2028 Term Fund by 1,881.5% in the 3rd quarter. Thomas J. Herzfeld Advisors Inc. now owns 29,723 shares of the investment management company's stock worth $317,000 after acquiring an additional 28,223 shares during the period. 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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