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

DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-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 changing hands.

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

The stock’s fifty day moving average is $10.77 and its 200 day moving average is $10.76.

DTF Tax-Free Income 2028 Term Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 17th will be issued a dividend of $0.0325 per share. The ex-dividend date of this dividend is Monday, June 17th. This represents a $0.39 dividend on an annualized basis and a yield of 3.63%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Thomas J. Herzfeld Advisors Inc. raised its holdings in DTF Tax-Free Income 2028 Term Fund by 1,881.5% in the 3rd quarter. Thomas J. Herzfeld Advisors Inc. now owns 29,723 shares of the investment management company’s stock worth $317,000 after purchasing an additional 28,223 shares in the last quarter. Atlas Wealth LLC raised its holdings in DTF Tax-Free Income 2028 Term Fund by 43.1% in 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 raised its holdings in DTF Tax-Free Income 2028 Term Fund by 338.6% in 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 currently owned by 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.