Seven Mile Advisory Takes Position in DTF Tax-Free Income 2028 Term Fund Inc. $DTF

Seven Mile Advisory acquired a new position in DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 126,477 shares of the investment management company’s stock, valued at approximately $1,446,000. Seven Mile Advisory owned approximately 1.80% of DTF Tax-Free Income 2028 Term Fund at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of DTF. Financial Gravity Companies Inc. purchased a new position in DTF Tax-Free Income 2028 Term Fund during the second quarter valued at $36,000. Raymond James Financial Inc. purchased a new stake in DTF Tax-Free Income 2028 Term Fund in the second quarter worth about $69,000. J.W. Cole Advisors Inc. purchased a new stake in DTF Tax-Free Income 2028 Term Fund in the second quarter worth about $165,000. Focus Partners Wealth bought a new position in shares of DTF Tax-Free Income 2028 Term Fund in the first quarter worth about $190,000. Finally, Hara Capital LLC raised its stake in shares of DTF Tax-Free Income 2028 Term Fund by 3.1% in the second quarter. Hara Capital LLC now owns 255,607 shares of the investment management company’s stock worth $2,860,000 after buying an additional 7,642 shares during the period. 43.81% of the stock is owned by institutional investors.

DTF Tax-Free Income 2028 Term Fund Stock Up 0.2%

DTF stock opened at $11.46 on Friday. The business’s 50-day moving average price is $11.47 and its 200-day moving average price is $11.40. DTF Tax-Free Income 2028 Term Fund Inc. has a twelve month low of $10.95 and a twelve month high of $11.60.

DTF Tax-Free Income 2028 Term Fund Company Profile

DTF Tax-Free Income 2028 Term Fund (NYSE:DTF) is a closed-end management investment company that seeks to provide shareholders with tax-exempt current income and return of capital on a specified termination date in 2028. The fund pursues its investment objective primarily by investing in a diversified portfolio of municipal securities issued by state and local governmental entities across the United States. Its portfolio typically focuses on investment-grade obligations, though it may allocate assets across different maturities to manage income generation and portfolio duration.

The fund is structured to liquidate its holdings and return net assets to shareholders upon reaching its scheduled termination date in August 2028.