DTF Tax-Free Income 2028 Term Fund (NYSE:DTF) Share Price Crosses Below 200-Day Moving Average of $10.76

DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF)’s stock price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred 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 trading hands.

DTF Tax-Free Income 2028 Term Fund Trading Up 0.3 %

The business’s 50 day moving average price is $10.76 and its 200-day moving average price is $10.76.

DTF Tax-Free Income 2028 Term Fund Dividend Announcement

The firm also recently disclosed 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.

Hedge Funds Weigh In On DTF Tax-Free Income 2028 Term Fund

Large investors have recently modified their holdings of the business. Thomas J. Herzfeld Advisors Inc. grew its holdings in DTF Tax-Free Income 2028 Term Fund by 1,881.5% during the third 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. Atlas Wealth LLC boosted its position in shares of DTF Tax-Free Income 2028 Term Fund by 43.1% during the 3rd quarter. Atlas Wealth LLC now owns 325,914 shares of the investment management company’s stock worth $3,478,000 after purchasing an additional 98,117 shares in the last quarter. Finally, Relative Value Partners Group LLC boosted its position in shares of DTF Tax-Free Income 2028 Term Fund by 338.6% during the 4th quarter. Relative Value Partners Group LLC now owns 525,090 shares of the investment management company’s stock worth $5,645,000 after purchasing an additional 405,366 shares in the last quarter. 43.81% of the stock is owned by hedge funds and other institutional investors.

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.