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

Shares of DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $11.44 and traded as low as $11.43. DTF Tax-Free Income 2028 Term Fund shares last traded at $11.45, with a volume of 3,515 shares.

DTF Tax-Free Income 2028 Term Fund Price Performance

The stock has a 50 day moving average price of $11.45 and a 200 day moving average price of $11.44.

DTF Tax-Free Income 2028 Term Fund Announces Dividend

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

Institutional Trading of DTF Tax-Free Income 2028 Term Fund

Several institutional investors have recently bought and sold shares of DTF. Raymond James Financial Inc. bought a new position in shares of DTF Tax-Free Income 2028 Term Fund in the second quarter worth approximately $69,000. Garner Asset Management Corp bought a new stake in shares of DTF Tax-Free Income 2028 Term Fund in the fourth quarter worth approximately $70,000. Hara Capital LLC lifted its position in DTF Tax-Free Income 2028 Term Fund by 4.7% during the fourth quarter. Hara Capital LLC now owns 288,189 shares of the investment management company’s stock valued at $3,291,000 after purchasing an additional 12,898 shares during the period. Closed End Fund Advisors Inc. bought a new stake in DTF Tax-Free Income 2028 Term Fund in the 4th quarter worth approximately $165,000. Finally, Savvy Advisors Inc. bought a new stake in DTF Tax-Free Income 2028 Term Fund in the 4th quarter worth approximately $166,000. 43.81% of the stock is owned by hedge funds and other institutional investors.

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.