DTF Tax-Free Income 2028 Term Fund (NYSE:DTF) Stock Price Crosses Below 200 Day Moving Average – What’s Next?

DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF)’s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $11.23 and traded as low as $11.16. DTF Tax-Free Income 2028 Term Fund shares last traded at $11.19, with a volume of 5,454 shares.

DTF Tax-Free Income 2028 Term Fund Price Performance

The company’s fifty day moving average price is $11.22 and its 200 day moving average price is $11.23.

DTF Tax-Free Income 2028 Term Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a $0.0325 dividend. This represents a $0.39 annualized dividend and a dividend yield of 3.49%. The ex-dividend date is Monday, March 17th.

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

Several hedge funds have recently made changes to their positions in DTF. J.W. Cole Advisors Inc. acquired a new position in shares of DTF Tax-Free Income 2028 Term Fund in the 3rd quarter worth $138,000. Virtu Financial LLC acquired a new position in shares of DTF Tax-Free Income 2028 Term Fund in the third quarter worth about $207,000. Sanctuary Advisors LLC acquired a new stake in shares of DTF Tax-Free Income 2028 Term Fund during the second quarter valued at approximately $216,000. Thrivent Financial for Lutherans purchased a new stake in shares of DTF Tax-Free Income 2028 Term Fund in the 3rd quarter valued at approximately $308,000. Finally, Almitas Capital LLC grew its position in DTF Tax-Free Income 2028 Term Fund by 1.2% during 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 in the last quarter. Institutional investors and hedge funds own 43.81% of the company’s stock.

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.