DTF Tax-Free Income 2028 Term Fund (NYSE:DTF) Shares Pass Above Fifty Day Moving Average – Time to Sell?

Shares of DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $11.40 and traded as high as $11.52. DTF Tax-Free Income 2028 Term Fund shares last traded at $11.5050, with a volume of 12,972 shares trading hands.

DTF Tax-Free Income 2028 Term Fund Stock Up 0.4%

The firm’s fifty day moving average price is $11.40 and its 200-day moving average price is $11.36.

DTF Tax-Free Income 2028 Term Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 30th. Shareholders of record on Monday, March 16th will be given a $0.0325 dividend. The ex-dividend date is Monday, March 16th. This represents a c) dividend on an annualized basis and a dividend yield of 3.4%.

Institutional Trading of DTF Tax-Free Income 2028 Term Fund

Several large investors have recently modified their holdings of DTF. Financial Gravity Companies Inc. purchased a new position in DTF Tax-Free Income 2028 Term Fund during the 2nd quarter valued at about $36,000. Raymond James Financial Inc. purchased a new position in shares of DTF Tax-Free Income 2028 Term Fund during the second quarter valued at approximately $69,000. Garner Asset Management Corp bought a new position in shares of DTF Tax-Free Income 2028 Term Fund during the fourth quarter valued at approximately $70,000. Savvy Advisors Inc. purchased a new stake in DTF Tax-Free Income 2028 Term Fund in the fourth quarter worth $166,000. Finally, J.W. Cole Advisors Inc. purchased a new stake in DTF Tax-Free Income 2028 Term Fund in the second quarter worth $165,000. 43.81% of the stock is owned by institutional investors.

DTF Tax-Free Income 2028 Term Fund Company Profile

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.