DTF Tax-Free Income 2028 Term Fund (NYSE:DTF) Stock Price Passes Below 50 Day Moving Average – Time to Sell?

DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF)’s stock price passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $11.23 and traded as low as $11.23. DTF Tax-Free Income 2028 Term Fund shares last traded at $11.28, with a volume of 25,768 shares traded.

DTF Tax-Free Income 2028 Term Fund Price Performance

The business has a 50-day moving average of $11.23 and a 200 day moving average of $11.21.

DTF Tax-Free Income 2028 Term Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given a dividend of $0.0325 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.39 dividend on an annualized basis and a dividend yield of 3.46%.

Hedge Funds Weigh In On DTF Tax-Free Income 2028 Term Fund

Institutional investors and hedge funds have recently made changes to their positions in the business. Kovitz Investment Group Partners LLC bought a new position in DTF Tax-Free Income 2028 Term Fund during the third quarter valued at $5,819,000. Hara Capital LLC grew its holdings in DTF Tax-Free Income 2028 Term Fund by 27.6% during the 3rd quarter. Hara Capital LLC now owns 462,306 shares of the investment management company’s stock valued at $5,210,000 after purchasing an additional 100,075 shares during the last quarter. Almitas Capital LLC raised its position in DTF Tax-Free Income 2028 Term Fund by 1.2% in the 2nd quarter. Almitas Capital LLC now owns 353,247 shares of the investment management company’s stock worth $3,872,000 after purchasing an additional 4,274 shares during the period. Beverly Hills Private Wealth LLC lifted its stake in DTF Tax-Free Income 2028 Term Fund by 105.2% in the second quarter. Beverly Hills Private Wealth LLC now owns 58,502 shares of the investment management company’s stock worth $641,000 after purchasing an additional 29,990 shares during the last quarter. Finally, Thrivent Financial for Lutherans purchased a new position in shares of DTF Tax-Free Income 2028 Term Fund during the third quarter valued at approximately $308,000. 43.81% of the stock is owned by hedge funds and other institutional investors.

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.