Shares of DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF – Get Free Report) crossed above its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $11.45 and traded as high as $11.51. DTF Tax-Free Income 2028 Term Fund shares last traded at $11.48, with a volume of 12,843 shares.
DTF Tax-Free Income 2028 Term Fund Stock Performance
The company’s 50 day moving average price is $11.39 and its 200 day moving average price is $11.45.
DTF Tax-Free Income 2028 Term Fund Dividend Announcement
The company also recently disclosed a monthly dividend, which will be paid on Wednesday, December 30th. Shareholders of record on Tuesday, December 15th will be issued a dividend of $0.0325 per share. The ex-dividend date of this dividend is Tuesday, December 15th. This represents a $0.39 annualized dividend and a yield of 3.4%.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of DTF. Almitas Capital LLC bought a new stake in shares of DTF Tax-Free Income 2028 Term Fund during the second quarter worth $4,101,000. Beverly Hills Private Wealth LLC acquired a new position in shares of DTF Tax-Free Income 2028 Term Fund during the second quarter valued at $3,880,000. Hara Capital LLC bought a new position in DTF Tax-Free Income 2028 Term Fund in the second quarter valued at about $3,554,000. Avise Financial Cooperative Inc. bought a new position in DTF Tax-Free Income 2028 Term Fund in the second quarter valued at about $542,000. Finally, Latitude Advisors LLC bought a new position in DTF Tax-Free Income 2028 Term Fund in the third quarter valued at about $156,000. 43.81% of the stock is currently owned by institutional investors.
About DTF Tax-Free Income 2028 Term Fund
DTF Tax-Free Income 2028 Term Fund is a closed-end investment company listed on the New York Stock Exchange under the symbol DTF. The fund is designed to provide current income that is generally exempt from regular federal income tax.
The fund invests primarily in a portfolio of municipal securities issued by states, municipalities and other governmental entities in the United States. Its holdings may include bonds used to finance public infrastructure and other governmental or community projects.
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