DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF - Get Free Report)'s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $11.48 and traded as low as $11.44. DTF Tax-Free Income 2028 Term Fund shares last traded at $11.49, with a volume of 6,112 shares changing hands.
DTF Tax-Free Income 2028 Term Fund Stock Performance
The firm's fifty day moving average price is $11.52 and its 200-day moving average price is $11.48.
DTF Tax-Free Income 2028 Term Fund Dividend Announcement
The business also recently announced a monthly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 15th will be issued a dividend of $0.0325 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) annualized dividend and a yield of 3.4%.
Institutional Investors Weigh In On DTF Tax-Free Income 2028 Term Fund
A number of institutional investors have recently made changes to their positions in the stock. Focus Partners Wealth raised its stake in DTF Tax-Free Income 2028 Term Fund by 2,687.2% during the fourth quarter. Focus Partners Wealth now owns 480,856 shares of the investment management company's stock worth $5,492,000 after buying an additional 463,604 shares during the last quarter. Almitas Capital LLC acquired a new position in DTF Tax-Free Income 2028 Term Fund in the second quarter valued at $4,101,000. Beverly Hills Private Wealth LLC bought a new stake in DTF Tax-Free Income 2028 Term Fund during the second quarter valued at $3,880,000. Hara Capital LLC acquired a new stake in DTF Tax-Free Income 2028 Term Fund during the 2nd quarter worth about $3,554,000. Finally, Avise Financial Cooperative Inc. acquired a new stake in DTF Tax-Free Income 2028 Term Fund during the 4th quarter worth about $537,000. Institutional investors own 43.81% of the company's stock.
DTF Tax-Free Income 2028 Term Fund Company Profile
(
Get Free Report)
DTF Tax-Free Income 2028 Term Fund NYSE: DTF is a closed-end management investment company that seeks to provide shareholders with tax-exempt current income and return of capital on a specified termination date in 2028. The fund pursues its investment objective primarily by investing in a diversified portfolio of municipal securities issued by state and local governmental entities across the United States. Its portfolio typically focuses on investment-grade obligations, though it may allocate assets across different maturities to manage income generation and portfolio duration.
The fund is structured to liquidate its holdings and return net assets to shareholders upon reaching its scheduled termination date in August 2028.
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