DTF Tax-Free Income 2028 Term Fund (NYSE:DTF) Share Price Crosses Below 200 Day Moving Average – Should You Sell?

DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $11.26 and traded as low as $11.23. DTF Tax-Free Income 2028 Term Fund shares last traded at $11.23, with a volume of 2,791 shares trading hands.

DTF Tax-Free Income 2028 Term Fund Stock Down 0.6 %

The business has a fifty day moving average of $11.29 and a two-hundred day moving average of $11.26.

DTF Tax-Free Income 2028 Term Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be paid a dividend of $0.0325 per share. This represents a $0.39 annualized dividend and a dividend yield of 3.47%. The ex-dividend date is Monday, June 16th.

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

A number of institutional investors have recently added to or reduced their stakes in DTF. Sanctuary Advisors LLC lifted its holdings in DTF Tax-Free Income 2028 Term Fund by 14.9% during the third quarter. Sanctuary Advisors LLC now owns 23,119 shares of the investment management company’s stock valued at $260,000 after purchasing an additional 3,000 shares in the last quarter. Thrivent Financial for Lutherans purchased a new position in DTF Tax-Free Income 2028 Term Fund in the 3rd quarter valued at about $308,000. Kovitz Investment Group Partners LLC acquired a new stake in DTF Tax-Free Income 2028 Term Fund in the 3rd quarter worth about $5,819,000. J.W. Cole Advisors Inc. increased its stake in DTF Tax-Free Income 2028 Term Fund by 20.4% during the 4th quarter. J.W. Cole Advisors Inc. now owns 14,780 shares of the investment management company’s stock worth $166,000 after buying an additional 2,500 shares in the last quarter. Finally, Corps Capital Advisors LLC acquired a new position in shares of DTF Tax-Free Income 2028 Term Fund during the fourth quarter valued at approximately $213,000. 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.