DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF – Get Free Report)’s share price crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $11.45 and traded as low as $11.33. DTF Tax-Free Income 2028 Term Fund shares last traded at $11.35, with a volume of 831 shares traded.
DTF Tax-Free Income 2028 Term Fund Price Performance
The stock has a fifty day moving average price of $11.40 and a two-hundred day moving average price of $11.45.
DTF Tax-Free Income 2028 Term Fund Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Wednesday, December 30th. Investors of record on Tuesday, December 15th will be given a dividend of $0.0325 per share. The ex-dividend date is Tuesday, December 15th. This represents a $0.39 dividend on an annualized basis and a yield of 3.4%.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the business. Almitas Capital LLC acquired a new position in DTF Tax-Free Income 2028 Term Fund during the 2nd quarter worth approximately $4,101,000. Beverly Hills Private Wealth LLC acquired a new position in DTF Tax-Free Income 2028 Term Fund during the second quarter worth approximately $3,880,000. Hara Capital LLC acquired a new position in shares of DTF Tax-Free Income 2028 Term Fund in the 2nd quarter valued at $3,554,000. Avise Financial Cooperative Inc. purchased a new stake in shares of DTF Tax-Free Income 2028 Term Fund in the second quarter valued at about $542,000. Finally, 49 Wealth Management LLC acquired a new stake in DTF Tax-Free Income 2028 Term Fund during the 2nd quarter worth approximately $258,000. 43.81% of the stock is currently owned by institutional investors and hedge funds.
About DTF Tax-Free Income 2028 Term Fund
DTF Tax-Free Income 2028 Term Fund is a closed-end investment company listed on the New York Stock Exchange under the symbol DTF. The fund is designed to provide current income that is generally exempt from regular federal income tax.
The fund invests primarily in a portfolio of municipal securities issued by states, municipalities and other governmental entities in the United States. Its holdings may include bonds used to finance public infrastructure and other governmental or community projects.
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