DTF Tax-Free Income 2028 Term Fund (NYSE:DTF) Stock Price Crosses Below Two Hundred Day Moving Average of $10.75

DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $10.75 and traded as low as $10.66. DTF Tax-Free Income 2028 Term Fund shares last traded at $10.66, with a volume of 4,240 shares traded.

DTF Tax-Free Income 2028 Term Fund Trading Up 0.2 %

The stock has a fifty day simple moving average of $10.79 and a 200-day simple moving average of $10.75.

DTF Tax-Free Income 2028 Term Fund Dividend Announcement

The company 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. The ex-dividend date is Monday, June 17th. This represents a $0.39 annualized dividend and a yield of 3.66%.

Institutional Investors Weigh In On DTF Tax-Free Income 2028 Term Fund

Several hedge funds have recently bought and sold shares of DTF. First Trust Advisors LP raised its holdings in DTF Tax-Free Income 2028 Term Fund by 7.5% in the first quarter. First Trust Advisors LP now owns 28,211 shares of the investment management company’s stock worth $366,000 after purchasing an additional 1,963 shares during the period. City of London Investment Management Co. Ltd. bought a new stake in shares of DTF Tax-Free Income 2028 Term Fund in the first quarter worth about $1,678,000. Atria Wealth Solutions Inc. bought a new stake in shares of DTF Tax-Free Income 2028 Term Fund in the fourth quarter worth about $132,000. Wells Fargo & Company MN increased its holdings in shares of DTF Tax-Free Income 2028 Term Fund by 6.0% in the fourth quarter. Wells Fargo & Company MN now owns 15,877 shares of the investment management company’s stock worth $173,000 after acquiring an additional 902 shares in the last quarter. Finally, Almitas Capital LLC bought a new stake in shares of DTF Tax-Free Income 2028 Term Fund in the fourth quarter worth about $66,000. 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 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.