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

DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $11.27 and traded as low as $11.26. DTF Tax-Free Income 2028 Term Fund shares last traded at $11.27, with a volume of 5,285 shares changing hands.

DTF Tax-Free Income 2028 Term Fund Stock Down 0.0 %

The business’s 50 day moving average price is $11.28 and its 200-day moving average price is $11.27.

DTF Tax-Free Income 2028 Term Fund Announces Dividend

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

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

Institutional investors have recently modified their holdings of the business. Thrivent Financial for Lutherans acquired a new position in DTF Tax-Free Income 2028 Term Fund during the third quarter valued at approximately $308,000. Kovitz Investment Group Partners LLC acquired a new position in DTF Tax-Free Income 2028 Term Fund during the third quarter valued at approximately $5,819,000. Virtu Financial LLC bought a new position in DTF Tax-Free Income 2028 Term Fund in the third quarter valued at approximately $207,000. Sanctuary Advisors LLC lifted its stake in DTF Tax-Free Income 2028 Term Fund by 14.9% in the third quarter. Sanctuary Advisors LLC now owns 23,119 shares of the investment management company’s stock valued at $260,000 after buying an additional 3,000 shares in the last quarter. Finally, J.W. Cole Advisors Inc. lifted its position in shares of DTF Tax-Free Income 2028 Term Fund by 20.4% in the fourth quarter. J.W. Cole Advisors Inc. now owns 14,780 shares of the investment management company’s stock worth $166,000 after purchasing an additional 2,500 shares in the last quarter. Institutional investors and hedge funds own 43.81% of the company’s stock.

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.