DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF – Get Free Report) passed 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 trading hands.
DTF Tax-Free Income 2028 Term Fund Stock Performance
The firm’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 Announces Dividend
The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, December 30th. Investors of record on Tuesday, December 15th will be issued a $0.0325 dividend. This represents a $0.39 annualized dividend and a yield of 3.4%. The ex-dividend date is Tuesday, December 15th.
Hedge Funds Weigh In On DTF Tax-Free Income 2028 Term Fund
Hedge funds and other institutional investors have recently bought and sold shares of the business. Sanctuary Advisors LLC acquired a new stake in DTF Tax-Free Income 2028 Term Fund during the 2nd quarter worth $116,000. Latitude Advisors LLC bought a new stake in shares of DTF Tax-Free Income 2028 Term Fund during the 3rd quarter valued at $156,000. Corient Private Wealth LP bought a new stake in shares of DTF Tax-Free Income 2028 Term Fund during the 2nd quarter valued at $203,000. 49 Wealth Management LLC bought a new stake in shares of DTF Tax-Free Income 2028 Term Fund during the 2nd quarter valued at $258,000. Finally, Avise Financial Cooperative Inc. acquired a new position in shares of DTF Tax-Free Income 2028 Term Fund in the 2nd quarter valued at $542,000. 43.81% of the stock is owned by institutional investors.
DTF Tax-Free Income 2028 Term Fund Company Profile
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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