DTF Tax-Free Income 2028 Term Fund (NYSE:DTF) Share Price Passes Below 200 Day Moving Average – Here’s Why

DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $11.40 and traded as low as $11.33. DTF Tax-Free Income 2028 Term Fund shares last traded at $11.34, with a volume of 17,897 shares trading hands.

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

The stock’s fifty day simple moving average is $11.47 and its 200 day simple moving average is $11.40.

DTF Tax-Free Income 2028 Term Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, June 29th. Investors of record on Monday, June 15th will be paid a dividend of $0.0325 per share. This represents a c) annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Monday, June 15th.

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

Several institutional investors have recently bought and sold shares of DTF. Raymond James Financial Inc. purchased a new position in DTF Tax-Free Income 2028 Term Fund in the second quarter worth $69,000. Garner Asset Management Corp purchased a new stake in shares of DTF Tax-Free Income 2028 Term Fund during the 4th quarter valued at $70,000. Hara Capital LLC lifted its holdings in shares of DTF Tax-Free Income 2028 Term Fund by 3.1% during the 2nd quarter. Hara Capital LLC now owns 255,607 shares of the investment management company’s stock valued at $2,860,000 after purchasing an additional 7,642 shares during the last quarter. Closed End Fund Advisors Inc. acquired a new stake in shares of DTF Tax-Free Income 2028 Term Fund in the 4th quarter worth $165,000. Finally, Savvy Advisors Inc. acquired a new stake in shares of DTF Tax-Free Income 2028 Term Fund in the 4th quarter worth $166,000. 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 (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.