Hara Capital LLC Invests $3.55 Million in DTF Tax-Free Income 2028 Term Fund Inc. $DTF

Hara Capital LLC purchased a new position in shares of DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) during the 2nd quarter, Holdings Channel reports. The institutional investor purchased 307,689 shares of the investment management company’s stock, valued at approximately $3,554,000. DTF Tax-Free Income 2028 Term Fund comprises about 1.9% of Hara Capital LLC’s portfolio, making the stock its 14th biggest position.

A number of other hedge funds have also recently modified their holdings of the business. Beverly Hills Private Wealth LLC purchased a new stake in shares of DTF Tax-Free Income 2028 Term Fund in the 2nd quarter worth $3,880,000. Avise Financial Cooperative Inc. purchased a new position in DTF Tax-Free Income 2028 Term Fund during the second quarter valued at $542,000. Focus Partners Wealth lifted its position in DTF Tax-Free Income 2028 Term Fund by 2,687.2% during the fourth quarter. Focus Partners Wealth now owns 480,856 shares of the investment management company’s stock valued at $5,492,000 after purchasing an additional 463,604 shares in the last quarter. LPL Financial LLC bought a new stake in DTF Tax-Free Income 2028 Term Fund during the fourth quarter valued at about $204,000. Finally, Closed End Fund Advisors Inc. bought a new stake in DTF Tax-Free Income 2028 Term Fund during the fourth quarter valued at about $165,000. Institutional investors own 43.81% of the company’s stock.

DTF Tax-Free Income 2028 Term Fund Stock Performance

Shares of DTF opened at $11.51 on Friday. The business has a 50-day simple moving average of $11.50 and a two-hundred day simple moving average of $11.47. DTF Tax-Free Income 2028 Term Fund Inc. has a 52 week low of $11.21 and a 52 week high of $11.60.

DTF Tax-Free Income 2028 Term Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 15th will be paid a dividend of $0.0325 per share. The ex-dividend date is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 3.4%.

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.