Mariner Investment Group LLC bought a new position in shares of DTF Tax Free Income Inc. (NYSE:DTF) during the fourth quarter, HoldingsChannel reports. The firm bought 17,364 shares of the investment management company’s stock, valued at approximately $244,000.
A number of other institutional investors have also added to or reduced their stakes in the business. Garner Asset Management Corp lifted its holdings in DTF Tax Free Income by 7.0% during the 4th quarter. Garner Asset Management Corp now owns 77,550 shares of the investment management company’s stock worth $1,090,000 after buying an additional 5,100 shares in the last quarter. First Trust Advisors LP lifted its holdings in DTF Tax Free Income by 26.7% during the 3rd quarter. First Trust Advisors LP now owns 46,508 shares of the investment management company’s stock worth $665,000 after buying an additional 9,807 shares in the last quarter. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of DTF Tax Free Income in the 2nd quarter valued at $401,000. Doliver Capital Advisors LP raised its holdings in shares of DTF Tax Free Income by 35.3% in the 3rd quarter. Doliver Capital Advisors LP now owns 17,827 shares of the investment management company’s stock valued at $255,000 after purchasing an additional 4,651 shares in the last quarter. Finally, Matisse Capital acquired a new stake in shares of DTF Tax Free Income in the 4th quarter valued at $155,000. Institutional investors own 8.82% of the company’s stock.
In other news, VP Timothy M. Heaney acquired 2,000 shares of DTF Tax Free Income stock in a transaction dated Thursday, November 30th. The shares were acquired at an average cost of $14.05 per share, for a total transaction of $28,100.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 0.39% of the stock is currently owned by company insiders.
Shares of DTF Tax Free Income Inc. (DTF) opened at $13.45 on Tuesday. DTF Tax Free Income Inc. has a fifty-two week low of $13.05 and a fifty-two week high of $15.98.
The company also recently disclosed a monthly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 15th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.46%.
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DTF Tax Free Income Profile
DTF Tax-Free Income Inc is a diversified, closed-end management investment company. The Fund’s investment objective is current income exempt from regular federal income tax consistent with the preservation of capital. The Fund seeks to achieve its investment objective by investing primarily (approximately 80% of its total assets) in a diversified portfolio of investment-grade tax-exempt obligations.
Want to see what other hedge funds are holding DTF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DTF Tax Free Income Inc. (NYSE:DTF).
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